Thanks to a loophole known as a backdoor Roth IRA, high-income earners can make indirect contributions to Roth IRAs.  ( 26 min )

Discover how a backdoor Roth IRA works, how to set one up, the rules to follow, and when a backdoor IRA might not be right for you.  ( 25 min )

Members of the U.S. military are eligible for financial help to pay for college during school, while serving, and after they complete their service.  ( 27 min )

Netflix shares fell more than 10% this week, but seemed to have little effect on popular ETFs with exposure to the company.  ( 17 min )

Specialty coffee roaster Farmer Brothers missed profit expectations for the quarter ended June 30, as slowing sales growth and persistently high coffee prices weighed on profitability.  ( 18 min )

Lionel Messi is gold for the U.S. economy, as his move to Major League Soccer could generate $256 million in league revenue, drive hundreds of thousands of subscriptions to Apple, and even press South Florida real estate values higher.  ( 19 min )

Read about the concept of utility in microeconomics, and learn why economists disagree about its usefulness in the analysis of actions.  ( 27 min )

Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.  ( 28 min )

Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.  ( 23 min )

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Talks between the United Auto Workers and the Detroit Three automakers resumed on Saturday, a day after the union began its first simultaneous strikes at three U.S. auto plants. The four-year labor deal between the union and General Motors, Ford Motor and Chrysler-parent Stellantis expired at 11:59 p.m. EDT on Thursday. Stellantis said on Saturday it has hiked its offer, proposing cumulative raises of nearly 21% over a four-and-a-half-year contract term, including an immediate 10% hike.  ( 32 min )

Gasoline is rising. But some relief is around the corner for drivers, as the less costly winter-grade gasoline is introduced soon.  ( 33 min )

When you first go on Medicare, insurance companies must sell you supplemental coverage no matter how poor your health. The window closes.  ( 22 min )

The lawsuit, which also targets BP and ConocoPhillips, alleges the energy giants' actions have caused tens of billions of dollars in damage and accuses them of deceiving the public, the report said, citing a filing in a superior court in San Francisco. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, the report said, adding that California has sought the creation of an abatement fund to pay for future damages caused by climate related disasters in the state.  ( 32 min )

Where you keep your money matters. When it comes to retirement taxes, there are two main issues to consider: account type and asset class. Account type is where you keep your investments, such as an IRA, a 401(k) or a taxable account. Asset class refers to the type of investments you own, like stocks and […] The post Where You Keep Your Investments Can Help You Save Big on Taxes in Retirement appeared first on SmartReads by SmartAsset.  ( 33 min )

Software engineer Jacky Jia has been paying more attention than usual to his stocks portfolio since China launched a torrent of measures aimed at boosting the beleaguered market in recent weeks. Regulators have slashed the stamp duty on transactions, restricted divestments by major shareholders and taken tighter control of approving new share offerings in a string of actions that have taken the immediate sting out of the sell-offs that have roiled the onshore market. Having banked a reasonable r  ( 37 min )

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The defense contractor spent heavily on acquisitions, then struggled during the pandemic. Now with new senior leadership working to fix its operational problems, its shares could fly.  ( 21 min )

(Bloomberg) -- A massive retreat of funds from Chinese stocks and bonds is diminishing the market’s clout in global portfolios and accelerating its decoupling from the rest of the world.Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Clos  ( 34 min )

Duitse rechtbanken en openbare aanklagers krijgen de komende tien jaar te maken met grote personeelstekorten. Dat is het gevolg van een golf van pensioneringen van juridische medewerkers, rechters en advocaten, zegt Sven Rebehn, hoofd van de Duitse vereniging van rechters.  ( 3 min )

De wereld staat niet stil in de klimaatstrijd, maar om het Parijsakkoord te laten slagen is een grote krachtsinspanning nodig. Fossiele investeringen vormen een hobbel, en ook aanpassingen aan de gevolgen van klimaatverandering blijven achter.  ( 8 min )

Extreme weersomstandigheden zorgen steeds vaker voor vervelende situaties en schade. Niet alleen thuis, maar ook op vakantie. Wie betaalt die schade? En kan je je tegen alle soorten weersomstandigheden verzekeren?  ( 3 min )

Extreme weersomstandigheden zorgen steeds vaker voor vervelende situaties en schade. Niet alleen thuis, maar ook op vakantie. Wie betaalt die schade? En kan je je tegen alle soorten weersomstandigheden verzekeren?  ( 3 min )

Specialty coffee roaster Farmer Brothers missed profit expectations for the quarter ended June 30, as slowing sales growth and persistently high coffee prices weighed on profitability.  ( 1 min )

Wall Street legend Warren Buffett has always been a proponent of value investing. The Oracle of Omaha’s decades of almost unparalleled success have been built on recognizing when a stock is priced significantly below its inherent worth and then betting big on it. Touting the merits of patience and the long-term effect of compounding returns, Buffett is a master of his profession. However, even the most successful investors’ portfolios include stocks that go through down periods. It’s probably sa  ( 35 min )

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Today's best CD rate is 5.75%, with six options available on terms of 6 to 15 months. If you have a jumbo CD deposit, you can do even better, earning up to 5.85%.  ( 20 min )

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The UAW took aim at Ford’s Jim Farley for making $21 million last year, but the CEOs of GM and Stellantis actually make even more.  ( 34 min )

(Bloomberg) -- Planet Fitness Inc. sank after the company announced the immediate departure of its Chief Executive Officer Chris Rondeau, who’s held the position for more than a decade. Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardCanada Postpones Trade Mission to India With Tensions On RiseApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandUnited Auto Workers Call Unprecedented  ( 33 min )

US stocks were mostly muted Friday as the major indexes looked to build on a Thursday rally.  ( 32 min )

Detroit's Big Three automakers -- Ford, General Motors and Stellantis -- issue reactions to the United Auto Workers decision to strike against them after contract negotiations fail.  ( 34 min )

Consumers took two hits in the pocketbook this past week. First came the August inflation numbers, with the headline annualized rate rising rom 3.2% to 3.7%. And on the heels of that came news that US crude oil, the WTI benchmark price, jumped above $90 per barrel for the first time since last November. That increase marks the latest in a series of oil price increases this year. WTI is up 40% from the low point it hit in March of this year, and shows a total year-to-date gain of 13.5%. The risin  ( 35 min )

(Bloomberg) -- The euro was headed for the longest streak of losses since its inception on bets the European Central Bank is done raising interest rates. Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardCanada Postpones Trade Mission to India With Tensions  ( 32 min )

(Bloomberg) -- Investors are increasingly willing to buy longer-term bonds, locking in higher interest payments for years in a bet that the Federal Reserve is nearing the end of its interest-rate hiking cycle.Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardApple iPhone 15 Pro Max Deliveries Slip to November in Sign of DemandCanada Postpones Trade Mission to India With Tensions On RiseUnited Auto Wor  ( 34 min )

Can Arm shares build on the surge that accompanied the chip designer's stock-market debut Thursday? As of late Friday, it doesn't look that way. Arm shares were recently down about 2% after spending much of the sessi  ( 23 min )

Oil-and-gas companies have been laying down drilling rigs for much of 2023 as prices tumbled. Not anymore. Producers this week ramped up drilling at the fastest pace since November, according to Baker Hughes, a sign that the sector is optimistic that fuel prices could rise in the months ahead. Per  ( 23 min )

Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.  ( 33 min )

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Planet Fitness is the latest company to shake up its C-suite.  ( 33 min )

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UBS argues that with various economic forces in balance, investors now have an opportunity to reap rewards across asset classes.  ( 21 min )

(Bloomberg) -- Mohamed El-Erian is warning that a swath of corporations will be hurt by higher interest rates when they have to refinance next year.Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatApple iPhone 15 Pro Max Deliveries Slip to November in Sign of Demand“If y  ( 31 min )

US stocks were mostly muted Friday as the major indexes looked to build on a Thursday rally.  ( 33 min )

The strategy of striking against all three automakers but at select plants — with the possibility of expanding the strike if necessary — is new for the union.  ( 32 min )

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My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.  ( 34 min )

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It doesn’t take much for sentiment to shift abruptly on Wall Street. Markets could be up one moment, then all of a sudden crash on account of a negative development. And looking at its current state, it won’t take much for it to come tumbling down, says Morgan Stanley’s chief investment officer and chief US equity strategist, Mike Wilson. “The S&P 500 risk/reward today is one of the worst I’ve ever seen, given the earnings setup that we see in front of us combined with the valuation that we have  ( 35 min )

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Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.  ( 35 min )

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Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they're likely to go a lot higher before the red ink stops. The U.S. central bank is continuing to pay out more in interest costs than it takes in from the interest it earns on bonds it owns and from the services it provides to the financial sector. While there's considerable uncertainty around how it will all play out, some observers believe Fed losses, which began a year ago, could eventually as much as double before abating.  ( 33 min )

General Motors and two other automakers failed to reach a new labor agreement before their contract with employees represented by the United Auto Workers expired at midnight.  ( 33 min )

The fitness chain says it has appointed Craig Benson as interim chief executive officer, effective immediately.  ( 22 min )

The company reveals deliveries of its hydrogen-fuel-cell electric truck should begin in late September and early October.  ( 22 min )

For those who don’t recall the details of that day, Lehman Brothers, a 158-year-old investment bank with than $600 billion in assets and 25,000 employees, declared bankruptcy after the federal government refused to offer itself as a lender of last resort to the beleaguered financial services firm, one that had leveraged itself heavily into a subprime mortgage market that was sinking faster than a stone in the ocean. Just prior to its downfall, Lehman’s stock tumbled to barely $7 a share, after news broke that the firm had failed to close a deal with the Korean Development Bank, a state-owned firm in Seoul. After Lehman reported a quarterly loss of $3.9 billion on Sept. 10 and Moody’s threatened to slash the bank’s credit rating on Sept. 12, a tipping point emerged.  ( 43 min )

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(Bloomberg) -- Charles Schwab Corp. said it has been temporarily affected by attrition from clients as it integrates TD Ameritrade, leading to a decline in net new money for the firm last month.Most Read from BloombergByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatUnited Auto Workers Call Unprecedented Strike at All Three Detroit AutomakersDisney Holds Initial Ta  ( 32 min )

US stocks were mostly muted Friday as the major indexes looked to build on a Thursday rally.  ( 33 min )

Chinese automakers like BYD have notched impressive growth in Europe as consumers flock to their affordable electric-vehicles.  ( 22 min )

Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the "PayPal Mafia" who replaced him with Peter Thiel.  ( 34 min )

The steel manufacturer says it expects third-quarter earnings between $4.10 and $4.20 a share, lower than the $4.61 analysts had forecast.  ( 22 min )

GM, Ford and Stellantis can afford a much bigger walkout than the United Auto Workers union has called, but for investors it isn’t just about the financial cost.  ( 27 min )

The number of households that have at least one uninsured vehicle increased to 5.7% in the first half of 2023 from 5.3% in the second half of 2022.  ( 32 min )

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US stocks were mostly muted Friday as the major indexes looked to build on a Thursday rally.  ( 32 min )

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Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for Ameritrans Express, she received an alarming email stating the contract delivery company was taking “drastic action.” The post Former drivers for Ameritrans Express owed millions of dollars in unpaid wages appeared first on FreightWaves.  ( 34 min )

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Shares of Ford and General Motors fall after the United Auto Workers strikes against the Big Three auto makers, Arm stock surges after climbing in its trading debut, and Adobe beats earnings estimates.  ( 22 min )

Kiwi Camara's salary, at $110 million, made him one of just nine CEOs to be paid more than Apple's Tim Cook, who was paid just $99 million.  ( 32 min )

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Is AI a bubble? Who knows! But it has become an obsession and big names believe it's going to change almost everything in business.  ( 33 min )

Shares in the chip designer jumped after it went public this week, with premarket trading volumes abnormally high as investors flocked to Arm stock.  ( 22 min )

(Bloomberg) -- A resilient US economy will prompt the Federal Reserve to pencil in one more interest-rate hike this year and stay at the peak level next year for longer than previously expected, according to economists surveyed by Bloomberg News.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksWhen the Homeowners Association Comes for Your H  ( 33 min )

The technology company beat Wall Street expectations for both earnings and guidance.  ( 22 min )

The big theme driving markets in 2023 has been the boom in enthusiasm for artificial-intelligence-exposed industries and firms. Is it played out?  ( 22 min )

Hundreds of people, including auto workers on the night shift and their supporters, gathered at a Ford assembly plant in Wayne, Michigan as members of the United Auto Workers (UAW) union walked off the job to begin a historic strike. The first-ever simultaneous strikes against the "Detroit Three" automakers, including General Motors and Chrysler parent Stellantis, kicked off early on Friday after the union and companies failed to agree on new contracts. "This is what union looks like," said Mike Lester, a supporter who works at a supplier to the major automakers.  ( 32 min )

Taiwan's TSMC has told its major suppliers to delay the delivery of high-end chipmaking equipment, as the world's top contract chipmaker grows increasingly nervous about customer demand, two sources familiar with the matter said. The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. TSMC said it does not comment on "market rumour".  ( 33 min )

For months, Sweden's government has sought to play down a property crisis that has throttled confidence in the Nordic state, repeating a simple message: While some companies are in trouble, the country is not. Now Heimstaden Bostad, a $30 billion property investor with swathes of homes from Stockholm to Berlin, is grappling with a multibillion dollar funding crunch, which has rebounded on one of its owners - the country's biggest pension fund. That undoubtedly raises the stakes for Sweden, the European nation hardest hit by a global property rout triggered by the steep rise in interest rates last year that abruptly ended a decade of virtually free money.  ( 33 min )

(Bloomberg) -- SoftBank Group Corp.’s Masayoshi Son, whose record on tech investing took a drubbing after flameouts like WeWork and DoorDash Inc. fueled a record $32 billion loss at its Vision Fund arm in the last fiscal year, was determined to turn the tide.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of ABC to Loc  ( 35 min )

A proposal to revamp Visa’s complicated share structure has triggered a drop in its stock. It should be only temporary.  ( 22 min )

The auto workers strike highlights Ford and GM's biggest issue: Can they afford to spend what it takes to thrive in the new world of electric vehicles?  ( 37 min )

The labor contract between the United Auto Workers and the Detroit-Three automakers expired Thursday. A deal isn't done and the UAW declared a strike against the Detroit-Three automakers.  ( 22 min )

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A smart investor is a patient investor, in the game for the long haul. Warren Buffett, a legend in the markets, has long been known for advocating long-term holdings – and so does the investment firm Morgan Stanley. The bank’s annual ‘Vintage Values’ report points out the firm’s top stocks for a ‘buy-and-hold’ strategy on the one-year horizon. The current Vintage Values list has a lot to say on the subject, but a few features of their picks stand out. First, all of their picks are mid- or large-  ( 35 min )

Discover five reasons to choose mutual funds over ETFs, such as the wider variety of funds available, the higher service quality, and the lack of commission fees.  ( 22 min )

The United Nations Commission on International Trade Law is the core legal body of the United Nations' system in the field of international trade law.  ( 22 min )

To reduce the risk if you need to cash out of a CD early, choose one of these options that pays a nationally ranked APY but with a mild early withdrawal penalty.  ( 17 min )

Classical growth theory is an older theory that describes economic growth as a result of the division of labor and the gains from trade.  ( 19 min )

Charles Schwab shares declined after reporting its core net new assets dropped last month, in part due to attrition from clients who were originally at TD Ameritrade.  ( 16 min )

Today's best CD rate is 5.75%, with six options available on terms of 6 to 15 months. If you have a jumbo CD deposit, you can do even better, earning up to 5.85%.  ( 20 min )

U.S. equities sank on Sept. 15, 2023, with the S&P 500 Index dropping 1.2%, after a measure of consumer sentiment fell and tech stocks tumbled.  ( 16 min )

There are at least four factors that affect change in futures prices, including risk free-interest rates, particularly in a no-arbitrage environment.  ( 21 min )

Performativity describes when an economic model comes to construct the reality it is meant to describe, instead of merely describing it.  ( 22 min )

Planet Fitness noted it has brought in an executive search firm to find a permanent replacement, and both internal and external candidates will be considered.  ( 17 min )

Though markets may change, the best stock market quotes are timeless.  ( 25 min )

While it has an abundance of resources, including people, Brazil needs to begin to refocus its management and development strategies.  ( 22 min )

Defined-benefit plans are funded by employers, while employees make contributions to defined-contribution plans to save for retirement.  ( 26 min )

Interbank Network for Electronic Transfer (INET) processed credit and debit card transactions between financial institutions (FIs).  ( 19 min )

Officials at the Federal Reserve probably won’t raise the benchmark Fed Funds rate when they meet next week, but they will shed some light on how long today’s high interest rates will stay with us.  ( 18 min )

We've interviewed three economists with very different job descriptions to give you an idea of the many possibilities this career choice offers.  ( 25 min )

Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.  ( 22 min )

Stubborn inflation is making people feel pretty lousy about their own finances and the economy.  ( 17 min )

The Current Population Survey is a statistical survey of households that is performed by the U.S. Census Bureau of Labor Statistics on a monthly basis.  ( 21 min )

Use Investopedia's mortgage calculator to see how different inputs for the home price, down payment, loan terms, and interest rate would change your monthly payment.  ( 25 min )

These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau. See which lender had the worst record.  ( 26 min )

Instacart increased its valuation to $10 billion after Arm Holdings' smooth listing amid active investor interest on Thursday.  ( 17 min )

U.S. equities dropped at midday on Friday, Sept. 15, 2023, after a report that consumer sentiment fell in September, and ahead of next week's Fed meeting.  ( 16 min )

Thomas C. Schelling was an American economist who received the 2005 Nobel Prize in economics for his application of game theory to social, political and economic problems.  ( 21 min )

Adobe posted better-than-expected results and profit guidance as the company joined the growing list of tech firms that are benefiting from soaring demand for artificial intelligence products.  ( 17 min )

What would your life look like if you were CFO? We’ve interviewed three chief financial officers to find out.  ( 25 min )

Duopsony, the opposite of duopoly, is an economic condition in which there are only two large buyers for a specific product or service.  ( 21 min )

Rates on 30-year mortgages have dropped almost a quarter percentage point since spiking to a 22-year high last week. The 30-year average is now at a two-week low.  ( 19 min )

Media entrepreneur Byron Allen reportedly has offered to purchase the Walt Disney Co.’s ABC network, local stations, and cable channels FX and National Geographic.  ( 17 min )

Apple will roll out a software update for iPhone 12 users in France after the country banned sales of iPhone 12 over radiation concerns, while other European countries mull similar measures.  ( 18 min )

Women's small business grants are offered by many institutions, private and public alike, for the purposes of funding women-owned businesses. Here's how to find and apply for these opportunities and understand the eligibility and documentation requirements.  ( 25 min )

The debt avalanche method pays off the high-interest debt first, and the debt snowball method focuses on paying off the smallest debt first. Learn how they work.  ( 23 min )

Large language models use artificial intelligence (AI) technology in order to understand and generate language that is natural and human-sounding. Learn how large language models work and the different ways in which they're used.  ( 24 min )

The United Auto Workers union launched a simultaneous strike against the Big Three Detroit car companies for the first time after failing to reach an agreement by Thursday's deadline.  ( 18 min )

About 13,000 workers are striking at select Ford, Stellantis, and General Motors plants in what the United Auto Workers (UAW) is calling a "stand up strike."  ( 17 min )

Bank sign-up bonuses could add funds to your new accounts but you must meet certain requirements. Learn whether you could benefit from a bank sign-up bonus.  ( 24 min )

The United Auto Workers union went on strike against the "Big Three" automakers and Arm shares gained after jumping nearly 25% in its first day of trading. Here’s what investors need to know today.  ( 18 min )

Price rate of change (ROC) is a technical indicator that measures the percent change between the most recent price and a price in the past used to identify price trends.  ( 24 min )

Charles Schwab shares declined after reporting its core net new assets dropped last month, in part due to attrition from clients who were originally at TD Ameritrade.  ( 1 min )

Planet Fitness noted it has brought in an executive search firm to find a permanent replacement, and both internal and external candidates will be considered.  ( 1 min )

U.S. equities dropped at midday on Friday, Sept. 15, 2023, after a report that consumer sentiment fell in September, and ahead of next week's Fed meeting.  ( 1 min )

U.S. equities sank on Sept. 15, 2023, with the S&P 500 Index dropping 1.2%, after a measure of consumer sentiment fell and tech stocks tumbled.  ( 1 min )

The United Auto Workers union went on strike against the "Big Three" automakers and Arm shares gained after jumping nearly 25% in its first day of trading. Here’s what investors need to know today.  ( 1 min )

Media entrepreneur Byron Allen reportedly has offered to purchase the Walt Disney Co.’s ABC network, local stations, and cable channels FX and National Geographic.  ( 1 min )

The United Auto Workers union launched a simultaneous strike against the Big Three Detroit car companies for the first time after failing to reach an agreement by Thursday's deadline.  ( 1 min )

Wijnboeren in Italië maken zich op voor een slecht oogstseizoen. Schimmels die de wijnranken aantasten kregen vrij spel dankzij opeenvolgende periodes van hevige regen en droogte. Vooral in Zuid-Italië zorgt dat voor problemen met de oogst.  ( 4 min )

De fossiele sector krijgt nog meer subsidie dan gedacht. Volgens een berekening van het ministerie van Economische Zaken en Klimaat gaat het om 39,7 miljard tot 46,4 miljard euro per jaar.  ( 5 min )

Vakbonden FNV en CNV zijn samen met KLM tot een cao-akkoord gekomen voor het grondpersoneel van de luchtvaartmaatschappij. Het is nu aan de leden van de bond om daarmee in te stemmen. Doen zij dat, dan zijn de eerder dreigende stakingen definitief van de baan, aldus CNV-onderhandelaar Souleiman Amallah.  ( 4 min )

Oekraïne mag weer graan exporteren naar Oost-Europese landen. Dat zijn Brussel en Kyiv overeengekomen. Wel moet Oekraïne zelf maatregelen nemen zodat hun goedkope landbouwproducten niet te veel concurreren met die van Hongaarse en Slowaakse boeren.  ( 3 min )

De staalfabriek van Tata Steel in Wales krijgt 580 miljoen euro (500 miljoen pond) steun van de Britse overheid. Het bedrijf legt zelf nog 700 miljoen bij. Het geld is nodig om de staalproductie te vergroenen.  ( 3 min )

De Ierse privacytoezichthouder DPC heeft een boete van 345 miljoen euro opgelegd aan TikTok. Het videoplatform heeft volgens de waakhond de privacy van kinderen in Europa onvoldoende beschermd.  ( 4 min )

Nu de festivalzomer ten einde loopt, maken eigenaren van foodtrucks de balans op. Hoe hebben zij zich deze zomer staande gehouden met de stijgende inkoopprijzen en personeelskosten?  ( 6 min )

Slechts een minderheid van de 75.000 gedupeerde passagiers van Holland Norway Lines kan de kosten voor hun geboekte reis vergoed krijgen vanuit het garantiefonds SGR. Dat verwacht de curator van de failliete veerdienst, Hans Silvius.  ( 4 min )

Nu de festivalzomer ten einde loopt, maken eigenaren van foodtrucks de balans op. Hoe hebben zij zich deze zomer staande gehouden met de stijgende inkoopprijzen en personeelskosten?  ( 6 min )

Automobilisten moeten steeds meer betalen aan de pomp. Vooral de dieselrijder was afgelopen week de pineut: de brandstof werd in een week tijd 8 cent per liter duurder. Bij benzine kwam er 3,5 cent bij.  ( 4 min )

Er zijn nog steeds bedrijven die mensen zomaar bellen om producten of contracten te verkopen. "Als je ongevraagd wordt gebeld met een aanbieding, is dat eigenlijk nooit het beste aanbod", zegt de Autoriteit Consument & Markt. Laat staan dat verkopers je überhaupt mogen bellen.  ( 4 min )

Er komt een software-update die de stralingsproblemen van de iPhone 12 moet oplossen. Omdat de iPhone 12 te veel straling uitzendt, mag het toestel in Frankrijk niet meer worden verkocht. Ook in Nederland wordt het stralingsniveau van de telefoon onderzocht.  ( 4 min )

Er zijn nog steeds bedrijven die mensen zomaar bellen om producten of contracten te verkopen. "Als je ongevraagd wordt gebeld met een aanbieding, is dat eigenlijk nooit het beste aanbod", zegt de Autoriteit Consument & Markt. Laat staan dat verkopers je überhaupt mogen bellen.  ( 3 min )

Er komt een software-update die de stralingsproblemen van de iPhone 12 moet oplossen. Omdat de iPhone 12 te veel straling uitzendt, mag het toestel in Frankrijk niet meer worden verkocht. Ook in Nederland wordt het stralingsniveau van de telefoon onderzocht.  ( 4 min )

Wie geen afscheid kan nemen van een oud paar Dr. Martens kan binnenkort in de Engelse plaats Leeds terecht voor reparatie. Daar opent het schoenenbedrijf een speciale werkplaats, ook al gaat dat mogelijk ten koste van de verkoop.  ( 3 min )

In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.  ( 3 min )

Vakbond CNV heeft nieuwe onderhandelingseisen bekendgemaakt. Volgend jaar zal de vakbond loonsverhogingen najagen van 4 tot 10 procent. Ook zet CNV in op een kortere werkweek en aandelen voor werknemers.  ( 3 min )

In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.  ( 3 min )

In drie Amerikaanse autofabrieken zijn stakingen begonnen nadat de grootste Amerikaanse vakbond van de autosector geen akkoord heeft bereikt met de grote autofabrikanten. 12.700 werknemers leggen het werk neer. Ze eisen een hoger salaris en betere arbeidsvoorwaarden.  ( 3 min )

Het nieuwe kabinet staat straks voor een grote uitdaging: een oplossing vinden voor de krapte op de arbeidsmarkt. De personeelstekorten in sectoren als de zorg, het onderwijs en de techniek zijn enorm en dat blijft voorlopig zo.  ( 5 min )

General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on. The strike by the United Auto Workers union, which represents about 150,000 workers at Ford, General Motors and Stellantis, would target specific automotive plants across the country. According to Anderson Economic Group, a work stoppage of 10 days could result in an economic loss of more than $5 billion.  ( 33 min )

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation. Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who declined to be identified discussing personnel matters. One-on-one meetings about departures were also starting, one of the sources said.  ( 32 min )

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GE management said Thursday third-quarter earnings per share and free cash flow are coming in at the upper end of the expected range.  ( 22 min )

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn't reach a deal with Detroit's automakers. The United Auto Workers union is seeking big raises and better benefits from General Motors, Ford and Stellantis.  ( 36 min )

Today's best CD rates are 5.85% and 5.80% if you have a jumbo deposit, or 5.75% with one of six non-jumbo options. Terms on the top rates range from six to 15 months.  ( 20 min )

Employees of the former Bed Bath & Beyond on Thursday sued the committee that oversaw its 401(k) retirement plan, saying its "imprudence" caused them to suffer millions of dollars in losses after the home furnishings retailer filed for bankruptcy. The proposed class action filed in Newark, New Jersey, federal court arose from Bed Bath & Beyond's termination of the 401(k) plan on Aug. 1, a little over three months after the company sought Chapter 11 protection. Former employees said they lost more than $5 million when their MassMutual "guaranteed investment account," which they thought had little risk, suffered a 10% loss because rising interest rates hurt the value of its underlying investments.  ( 31 min )

Nearly half of Americans say it would "take a miracle" for them to achieve retirement security, according to a new study.  ( 32 min )

United Auto Workers say their pay should be increased in new four-year contract with Ford, GM and Stellantis.  ( 32 min )

Days after Oracle missed Q1 2023 revenue expectations and gave a downbeat rest-of-year outlook, sending its share price to suffer the worst one-day performance in 21 years, the cloud provider announced a team-up with Microsoft to co-locate a portion of its infrastructure in the Azure cloud. The unusual new offering, called Oracle Database@Azure (with an ampersand for emphasis, presumably), gives customers access to Oracle database services running on Oracle hardware and deployed in Azure data centers. Oracle says that Oracle Database@Azure is designed to marry Oracle's database product with the "security, flexibility and best-in-class services" of Azure, including Azure services co-developed with Microsoft's close AI collaborator, OpenAI.  ( 33 min )

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Shares of Arm Holdings, one of the year's most-anticipated initial public offerings, started trading Thursday afternoon, rising in its first trading sessio  ( 22 min )

Shares of AT&T advanced on Thursday after the telecom giant’s CFO told an investor conference he was confident of the company’s outlook.  ( 18 min )

(Bloomberg) -- Walt Disney Co. expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatByron Allen Makes $10 Billion Bid for ABC, Other Disney NetworksWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of  ( 32 min )

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(Bloomberg) -- All week, stock traders have shrugged off everything from hot inflation data in the US to another recession-threatening hike in interest rates over in Europe. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackVideo-Game Company Unity Closes Offices Following Death ThreatWhen the Homeowners Association Comes for Your HomeDisney Holds Initial Talks on Sale of ABC to Local Broadcaster NexstarChip Designer Arm Jumps 25% in Debut Win for Owner SoftBankNow  ( 33 min )

Investors have been betting that the Federal Reserve won't hike interest rates at its next meeting.  ( 33 min )

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Investors looking to bet against the soaring shares of newly-listed Arm Holdings may have to wait at least a day before the stock becomes available for shorting, analysts said. Shares in SoftBank's Arm Holdings opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. Investors can begin selling the shares short as soon as their broker has reasonable grounds to believe that the security can be borrowed - in market parlance, be able to "locate" the shares, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.  ( 31 min )

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(Bloomberg) -- Cocaine is set to become Colombia’s main export, overtaking oil, as production of the narcotic continues to expand as the government take a more lenient policy regarding drugs, according to estimates by Bloomberg Economics.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of Assets as Havens DwindleStocks Climb on Bets Fed Can Achieve Soft Landing: Markets  ( 32 min )

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The company is in the midst of moving thousands of advisors to its platform from TD Ameritrade, which it acquired three years ago.  ( 22 min )

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The company says its ad tier will take time to have real financial impact. That's a disappointment to investors.  ( 33 min )

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Card firm Visa is in discussions with stockholders to possibly allow big banks to exchange up to half their class B shares, which don't trade publicly, into NYSE-listed shares.  ( 22 min )

The deals are more accessible to everyday investors than traditional initial public offerings.  ( 27 min )

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GE, soon to become GE Aerospace, is bolstering its strong balance sheet ahead of the company's spinoff of GE Vernova and relocation to Cincinnati. "Things could not be set up better for both businesses."  ( 21 min )

Searching for yield in today's stock market can be challenging — the current average dividend yield of S&P 500 companies is 1.5%. But for those who are willing to look beyond the most popular tickers, companies with much bigger payouts exist. Case in point: Alliance Resource Partners (NASDAQ:ARLP) is a diversified producer and marketer of steam coal to major U.S. utilities and industrial users. It pays quarterly distributions of 70 cents per share, translating to an annual yield of 13.7%. Allian  ( 33 min )

(Bloomberg) -- Just weeks before closing its doors and dismissing thousands of employees, Yellow Corp. doled out millions of dollars in bonuses to executives so they wouldn’t leave the trucking firm during its chaotic unraveling, court papers show.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackRay Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’Russian Elite Bring Back $50 Billion of Assets as Havens DwindleCiti Plans Job Cuts as It Revamps Top Management  ( 34 min )

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The tech company could talk prominently about its future AI chips at its developer conference next week.  ( 22 min )

Investors have been betting that the Federal Reserve won't hike interest rates at its next meeting.  ( 33 min )

Shares of British chipmaker Arm surged on Thursday after debuting on the public markets.  ( 34 min )

British chipmaker Arm debuted on the public markets on Thursday.  ( 33 min )

It might be time to abandon the idea of a balanced portfolio. Traditional wisdom holds that investors should diversify their assets. While working and saving, you should invest in a mix of assets weighted toward stocks and growth. In your retired life, you should invest in a mix of assets weighted toward security and income. […] The post A Black and White Approach To Retirement: Advisors Weigh In on BlackRock’s Unconventional Recommendation appeared first on SmartReads by SmartAsset.  ( 35 min )

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FRANKFURT (Reuters) -Bayer's new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, three people familiar with the matter said. Bill Anderson, at the helm since June, is keen to show investors speedy improvements and buy himself time to lay out broader restructuring plans over the next few months, the sources said. Anderson plans to soon present initial plans for cutbacks at an internal strategy meeting, one of the sources said, while another said the measures would affect middle-to-upper layers of management, resulting in as yet unspecified one-off costs for golden handshakes for departing employees.  ( 33 min )

United Auto Workers – the union that represents workers at the Big 3 automakers in Detroit – are threatening to strike over stalled contract negotiations​​.  ( 33 min )

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The European Central Bank (ECB) has increased interest rates to a record high as the continent battles to bring down persistent inflation.  ( 45 min )

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Oil has been on a steady rise over the past three months following OPEC+ production cuts and unilateral output reductions extended by Saudi Arabia and Russia.  ( 32 min )

The company led by Joaquin Duato launches a rebranding as it focuses on higher-risk prescription drugs and medical devices after shedding its consumer business.  ( 26 min )

AMC competed its market equity raise, sending shares of the theater chain higher on Thursday.  ( 33 min )

Let’s take a moment to talk about opportunity, share price, and risk/reward considerations. These are some of the factors investors must consider when moving into penny stocks – and we haven’t even touched on the fundamental soundness of the company or its business model. Penny stocks – as their name suggests, they once traded for just a pennies per share, but these days are considered those equities trading at less than $5 – are a challenging market niche. The penny stock critics make valid poi  ( 35 min )

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Etsy upgraded, RTX downgraded to Sell: Wall Street's top analyst calls  ( 34 min )

Millions of Americans had student debt canceled despite the Supreme Court's decision. Some will owe state taxes on it. Find out if you're one of them.  ( 33 min )

Chief Financial Officer Pascal Desroches at a conference on Thursday said AT&T expects to deliver $4.5 billion to $5 billion in free cash for the third quarter.  ( 22 min )

NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep interest rates higher for longer. U.S. producer prices rose 0.7% in August, compared with expectations of a 0.4% increase. U.S. retail sales also climbed 0.6% last month, against estimates of a 0.2% rise, while initial jobless claims for the latest week fell to 220.000.  ( 33 min )

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Bitcoin prices flash a technical warning sign for the first time since January 2022, the early days of last year's brutal bear market.  ( 22 min )

European bond yields and the euro fell after the European Central Bank raised rates by a quarter percentage point but signaled it could be done tightening policy. The rate increase, the ECB’s 10th in a row, brings the de  ( 23 min )

Redburn Atlantic analyst Alex Brignall upgrades shares of Carnival and Norwegian Cruise Line Holdings to Buy from Neutral.  ( 23 min )

Frustrated that Citi is 'seriously underestimated', Fraser bills her plan as the most consequential change in the way the bank runs in nearly 20 years.  ( 33 min )

America’s youngest working generation has a different approach to career growth.  ( 32 min )

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It isn’t just Tesla founder Elon Musk that thinks workers (or more specifically, remote workers) are “lazy”, Frontier Airlines chief executive, Barry Biffle, recently weighed in on the debate.  ( 34 min )

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The company would be worth roughly $54.5 billion. Several prominent tech firms have sought to buy into the offering.  ( 23 min )

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The United Auto Workers union said it is prepared to strike if agreements are not reached by tonight's deadline, and chip designer Arm will make its debut on the Nasdaq. Here’s what investors need to know today.  ( 18 min )

The Berkshire open-market sale is the first of HP since Warren Buffett's conglomerate accumulated a 12% stake in the PC maker in early 2022  ( 23 min )

Investors have been betting that the Federal Reserve won't hike interest rates at its next meeting.  ( 33 min )

Investors are betting that the Federal Reserve won't hike interest rates at its next meeting.  ( 32 min )

Saving for a down payment can be a significant obstacle for first-time homebuyers. If a child or grandchild is struggling to become a homeowner, you may want to help them out with the assets you’ve managed to accrue. A recent report from J.P. Morgan outlined several techniques that can help parents and grandparents lend a […] The post Here's How to Help Your Child (or Grandchild) Buy a Home appeared first on SmartReads by SmartAsset.  ( 33 min )

(Bloomberg) -- The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticFrom $1 Billion to Almost Worthless: FaZe Clan Runs Out of HypeOn Wall Street and in Washington, optimism may be buil  ( 33 min )

Both the Nasdaq and the S&P 500 gained on Wednesday following data that showed the annual rise in core consumer prices, excluding volatile items like food and energy prices, was the smallest in nearly two years. Rising oil prices, however, could keep inflation at elevated levels, analysts said. Higher gasoline prices pushed the headline inflation figure to a 14-month high, while stickiness in services inflation kept alive the prospects of a November hike.  ( 32 min )

(Reuters) -U.S. automakers and union negotiators offered little hope a deal would be reached on Thursday to avoid a midnight walk-off that would be the United Auto Workers' first-ever simultaneous strike against the Detroit Three carmakers. Negotiations are still ongoing and moved to the UAW's office in downtown Detroit with less than 12 hours before the strike deadline. General Motors said Thursday it "put another economic offer on the table this morning with the goal of avoiding a work disruption by 11:59 PM tonight."  ( 34 min )

It's easy to ignore gasoline and oil's effect on CPI. But it can absolutely have an effect on the market.  ( 33 min )

The head of the United Auto Workers says the union and the Big Three auto makers are still 'very far apart' on the union’s key priorities for wage increases as a strike deadline looms, chip makers Nvidia and Taiwan Semiconductor rise as Arm's IPO is priced at the high end of the expected range, and Berkshire Hathaway sells 5.5 million shares of HP Inc.  ( 23 min )

The deals are more accessible to everyday investors than traditional initial public offerings.  ( 27 min )

The semiconductor designer priced its U.S. initial public offering at $51 a share, the top of the expected range, which gives the company a market value of almost $55 billion.  ( 23 min )

U.S. inflation data, which showed headline annual CPI rose slightly more than expected to 3.7%, had only a limited impact on the dollar, which now trades slightly lower, MUFG said, as investors anticipate the Fed to place focus on a slowing trend for the core inflation.  ( 25 min )

(Bloomberg) -- Bridgewater Associates LP founder Ray Dalio said he doesn’t want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticFed on Alert for One More Hike After ‘  ( 31 min )

Moody's said it expected contracted sales to fall by about 5% over the next six to 12 months in China, and the impact of government measures to boost property purchases was likely to be short-lived and uneven. China Evergrande Group, the world's most indebted property developer, is at the centre of the crisis.  ( 31 min )

(Bloomberg) -- SoftBank Group Corp. satisfied its ambitions for Arm Holdings Plc by raising $4.87 billion in the year’s biggest initial public offering, while resisting the temptation to try for more.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Ou  ( 34 min )

Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a blessing for used-car dealers and other exporters. But 20 years after Swedes voted in a referendum to stay out of Europe's single currency, the crown's 17.5% slide against the euro is not making everyone happy. "Many foreign car dealers think there is a sale on in Sweden," Joachim Agren, senior key account manager at the Swedish branch of BCA, Europe's largest vehicle remarketing company according to its website, told Reuters.  ( 34 min )

Failed talks between RTX and a Saudi defense firm show the kingdom’s difficulties in establishing its own military industry.  ( 24 min )

The Hong Kong-listed shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese subsidies for EVs, escalating tensions between Beijing and the EU. Hong Kong shares of market leader BYD slid more than 3%. Smaller rival Xpeng fell 0.6%, while Nio was down more than 2% and Geely Auto dropped more than 1%.  ( 30 min )

(Bloomberg) -- AMC Entertainment Holdings Inc. raised about $325.5 million through the sale of 40 million shares, a move that it said would address a cash crunch as the movie-theater industry rebounds. Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands  ( 32 min )

"It's going to make some of our people very uncomfortable. I am absolutely fine with that," CEO Jan Fraser said on Wednesday.  ( 31 min )

The Berkshire open-market sale is its first of HP since the company accumulated a 12% stake in the PC maker in early 2022  ( 23 min )

Warren Buffett's Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of HP, undoing part of what has been a large, unsuccessful investment in the maker of personal computers and printers. Berkshire sold the shares this week for about $158 million, reducing its HP stake to about $3.27 billion, according to a filing with the U.S. Securities and Exchange Commission. Buffett's company now owns about 11.7% of HP's shares, down from 12.2% before the sales, SEC filings show.  ( 32 min )

One of America's youngest senators and its oldest president, Joe Biden's story includes his accomplishments, life-altering tragedies, and an ambitious vision for America's future.  ( 35 min )

Forbearance is a form of repayment relief involving temporarily postponing loan payments, typically for home mortgages or student loans.  ( 26 min )

Today's best CD rates are 5.85% and 5.80% if you have a jumbo deposit, or 5.75% with one of six non-jumbo options. Terms on the top rates range from six to 15 months.  ( 19 min )

Shares of AT&T advanced on Thursday after the telecom giant’s CFO told an investor conference he was confident of the company’s outlook.  ( 17 min )

A decade after the financial crisis, Neel Kashkari, the man who oversaw TARP, answers questions on lessons learned.  ( 19 min )

U.S. equities gained on Sept. 14, 2023, with the S&P 500 Index adding 0.8%, after positive economic news and a successful IPO from British chip designer Arm.  ( 16 min )

Present value means an amount of money today is worth more than that same amount in the future. Unspent money today could lose value by a future date due to inflation.  ( 28 min )

Shares of British chip designer Arm jumped close to 25% in their first day of trading after the biggest IPO since October 2021.  ( 17 min )

The Revenue Act of 1862 was passed by Congress to fund the Union in the American Civil War and created the Bureau of Internal Revenue.  ( 20 min )

America ranked as the 18th best country for retirement in 2022. Here's why it's only in the middle of the pack.  ( 22 min )

Krugman is a U.S. economist, known for his work in international trade theory and the resurgence of Keynesian economics after the Great Recession.  ( 28 min )

Betterment and Vanguard Personal Advisor Services are two solid options, so the right one for you will depend on your digital-versus-human preference, the amount you have to invest, and your desire to fine-tune your portfolio.  ( 28 min )

The intentional poverty line is a metric used globally to determine if an individual is considered to be living in poverty.  ( 19 min )

If paying for college in interest-free installments seems like an appealing alternative to traditional student loans, the government’s consumer watchdog has a warning: Read the fine print carefully.  ( 18 min )

Chartered portfolio manager is a professional designation offered by the Global Academy of Finance and Management (GAFM).  ( 18 min )

If you bought I bonds in 2022, you're allowed to cash them in once they're a year old. But it's smarter to hold them just a bit longer to boost your return.  ( 20 min )

Find out what deflation is and its causes, how it hurts the economy, and how it can lead to a worsening economic cycle.  ( 21 min )

Leakage is an economic term that describes capital or income that escapes an economy or system in the context of a circular flow of income model. It results in a gap between supply and demand.  ( 19 min )

A Certified Insolvency & Restructuring Advisor (CIRA) is a certification for professionals who work with companies going through insolvency.  ( 20 min )

ETF originator Definance has launched the world's first 0DTE, or "zero days to expiration" options-based ETF, capitalizing on a growing market that's become increasingly popular with investors.  ( 19 min )

French regulatory authorities determined that the iPhone 12's emitted radiation that is above acceptable limits, leading to a ban that has raised concerns in other European countries.  ( 18 min )

Arm began trading on the Nasdaq on Thursday under the symbol "ARM," in the biggest U.S. IPO since 2021.  ( 17 min )

The efficient market hypothesis refers to aggregated decisions of many market participants.  ( 19 min )

Austerity measures are attempts to curtail government spending to control public-sector debt.  ( 20 min )

Made in America isn't as cut and dried as you might think. Unclear FTC rules allow just enough flexibility to make it hard to tell fact from fiction.  ( 24 min )

Issuing its 10th-straight interest rate hike, the European Central Bank raised its main rate to 4%, an all-time high for the institution as inflation is expected to increase to 5.6% in 2023  ( 18 min )

When it comes to prices, businesses are in the same boat as consumers: facing higher costs because of rising fuel prices.  ( 17 min )

Private companies are owned by a company's founders and/or private investors. Public companies are traded on public exchanges and are owned by shareholders.  ( 25 min )

After spiking to a 22-year high last week, 30-year mortgage rates have eased a bit. Averages for every loan type but one were essentially flat Wednesday.  ( 19 min )

U.S. equities gained at midday on Thursday, Sept. 14, 2023, as a higher-than-expected retail sales report boosted optimism about consumer spending.  ( 16 min )

HP shares dropped after Warren Buffett’s Berkshire Hathaway reduced its holdings in the PC and printer maker by 4.5% this week.  ( 17 min )

AMC raised more than $325 million after successfully completing a stock sale aimed at shoring up the financially struggling theater chain operator.  ( 17 min )

Total annual loan cost is the expected annual cost of a reverse mortgage over the life of the loan. It includes fees like closing costs, appraisal fees, and mortgage insurance premiums.  ( 21 min )

Learn the underlying theories behind these concepts and what they can mean for your portfolio.  ( 27 min )

U.S. consumers still have enough buying power to keep on spending—at least on gasoline.  ( 18 min )

A buyer's monopoly, or monopsony, is a market situation where there is only one buyer of a good, service, or factor of production.  ( 21 min )

Suburbs in New Jersey, Illinois, Indiana among those at highest risk of housing declines, an ATTOM report found, though concluded the economy is too strong to sound any imminent warnings.  ( 18 min )

A parlay bet is common in sports betting and is made up of two or more individual wagers. Combining bets makes them harder to win but increases their payout.  ( 23 min )

The United Auto Workers union said it is prepared to strike if agreements are not reached by tonight's deadline, and chip designer Arm will make its debut on the Nasdaq. Here’s what investors need to know today.  ( 18 min )

A master limited partnership (MLP) combines the tax benefits of a partnership with the liquidity of a public company.  ( 29 min )

If you want to purchase government debt, you can go straight to the source at TreasuryDirect. However, there are other ways to buy Treasuries.  ( 26 min )

Walras's law is a theory that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out.  ( 18 min )

A president's campaign trail promises often come up against economic reality.  ( 21 min )

The World Trade Organization has its share of detractors. Find out why this international entity has such harsh critics.  ( 21 min )

Find out how dividends affect a company's stockholder equity and how the accounting process changes based on the type of dividend issued.  ( 23 min )

Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.  ( 19 min )

U.S. equities gained on Sept. 14, 2023, with the S&P 500 Index adding 0.8%, after positive economic news and a successful IPO from British chip designer Arm.  ( 1 min )

U.S. equities gained at midday on Thursday, Sept. 14, 2023, as a higher-than-expected retail sales report boosted optimism about consumer spending.  ( 1 min )

The United Auto Workers union said it is prepared to strike if agreements are not reached by tonight's deadline, and chip designer Arm will make its debut on the Nasdaq. Here’s what investors need to know today.  ( 1 min )

De Franse supermarktketen Carrefour waarschuwt in haar winkels voor krimpflatie, het fenomeen waarbij productverpakkingen kleiner worden, maar de prijskaartjes niet. Carrefour hing kaartjes op bij bepaalde producten, waaronder Lipton Ice Tea, om klanten hiervoor te waarschuwen.  ( 3 min )

Een deel van de winkels van de noodlijdende elektronicaketen BCC was donderdag dicht vanwege onveilige situaties voor het personeel. Dat heeft topman Caspar Klinkhamer aan NU.nl laten weten.  ( 3 min )

KPN mag telecomprovider Youfone niet zomaar overnemen. Toezichthouder ACM wil eerst onderzoeken of er na de deal nog genoeg concurrentie overblijft.  ( 3 min )

Ryanair-baas Michael O'Leary, die vorige week twee taarten van klimaatactivisten in zijn gezicht heeft gekregen, is niet bezorgd over zijn veiligheid. Wel vindt de topman dat de klimaatbeweging de luchtvaart ten onrechte als doelwit heeft genomen, zegt hij tegen Sky News.  ( 4 min )

De Autoriteit Persoonsgegevens heeft bij een techbedrijf navraag gedaan naar een chatbot in een app. De privacytoezichthouder wil weten hoe de chatbot persoonsgegevens verwerkt. Om welke app het gaat, zegt de toezichthouder niet. Wel is duidelijk dat de chatbot populair is bij kinderen.  ( 4 min )

Om de aanhoudende prijsstijgingen in toom te houden, verhoogt de Europese Centrale Bank (ECB) de rente met 0,25 procentpunt naar 4 procent. Het is de tiende verhoging in iets meer dan een jaar, wat nooit eerder gebeurde.  ( 4 min )

Grote techbedrijven als Google en Facebook-moederbedrijf Meta kennen ons ontzettend goed. Op basis van ons kijkgedrag, onze zoekgeschiedenis en hoe we scrollen en liken op Facebook verzamelen ze (vaak) ongemerkt veel informatie. Niet voor niets natuurlijk: zo verdienen de techgiganten hun geld.  ( 4 min )

Grote techbedrijven als Google en Facebook-moederbedrijf Meta kennen ons ontzettend goed. Op basis van ons kijkgedrag, onze zoekgeschiedenis en hoe we scrollen en liken op Facebook verzamelen ze (vaak) ongemerkt veel informatie. Niet voor niets natuurlijk: zo verdienen de techgiganten hun geld.  ( 4 min )

Nederland staat bekend als fietsland nummer één, maar bij de productie van de tweewielers hebben we het vorig jaar afgelegd tegen acht andere landen binnen de Europese Unie.  ( 3 min )

Pieter Pot vraagt klanten voor de tweede keer om te investeren in het bedrijf. Eerder haalde de verpakkingsvrije supermarkt op deze manier een half miljoen euro op. Het blijft onzeker of de idealistische winkel op de lange termijn houdbaar is.  ( 4 min )

Leiders van belangrijke techbedrijven kwamen woensdag bij elkaar in de Amerikaanse Senaat om met beleidsmakers te praten over kunstmatige intelligentie. Ze waren het er allemaal over eens: er moeten duidelijke regels voor het gebruik van AI komen.  ( 4 min )

Elektronicaketen BCC heeft uitstel van betaling aangevraagd. Het bedrijf heeft te maken met flinke concurrentie, waardoor de financiële positie al maanden onder druk staat.  ( 3 min )

Nederland staat voor urgente opgaven op het gebied van klimaat, arbeidsmarkt, gezondheid en het toekomstige verdienvermogen. Daarom moet de overheid scherpere eisen stellen aan bedrijven, minder subsidies verstrekken en meer duidelijkheid eisen voor de lange termijn.  ( 4 min )

De inflatie in Argentinië is in augustus op jaarbasis uitgekomen op 124,4 procent. Dat is het hoogste niveau sinds 1991.  ( 3 min )

Vereniging Eigen Huis vindt dat het demissionaire kabinet zo snel mogelijk met een oplossing moet komen voor het vleermuizenprobleem bij het isoleren van spouwmuren.  ( 3 min )

Als het kabinet ongelijkheid tussen mannen en vrouwen met jonge kinderen op de arbeidsmarkt wil aanpakken, moet er gekeken worden naar de kwaliteit en beschikbaarheid van kinderopvang. En willen we écht meer gelijkheid, dan moet verder gekeken worden dan alleen de kinderopvang.  ( 4 min )

Shares of AT&T advanced on Thursday after the telecom giant’s CFO told an investor conference he was confident of the company’s outlook.  ( 1 min )

French regulatory authorities determined that the iPhone 12's emitted radiation that is above acceptable limits, leading to a ban that has raised concerns in other European countries.  ( 1 min )

HP shares dropped after Warren Buffett’s Berkshire Hathaway reduced its holdings in the PC and printer maker by 4.5% this week.  ( 1 min )

AMC raised more than $325 million after successfully completing a stock sale aimed at shoring up the financially struggling theater chain operator.  ( 1 min )

Monetization is the permanent increase in the monetary base to fund the government. Central banks buy interest-bearing debt with non-interest-bearing money.  ( 20 min )

An express warranty is an agreement by a seller to repair or replace a faulty product within a specified time period after purchase.  ( 20 min )

Today's best CD rate is 5.75%, from six banks and credit unions, with top jumbo CD rates of 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.  ( 18 min )

Obtaining a company's prospectus—or other financial documents—is now a simple online task.  ( 20 min )

The Senior Citizens League raised its estimate for 2024's Social Security Cost-of-Living Adjustment (COLA) to 3.2%, up from 3% after the latest inflation report showed prices rose more than expected in August.  ( 18 min )

US equities were mixed on Sept. 13, 2023, with the S&P 500 Index rising 0.1% after Labor Department reported core consumer inflation that was higher than estimates.  ( 16 min )

Jennifer Granholm is the Secretary of Energy. She previously served as the Governor of Michigan and as the state's Attorney General.  ( 22 min )

Shares of MGM Resorts International fell after the hotel and casino operator revealed that it was a target of a cybersecurity attack, and suggested that it could have a material effect on the company.  ( 17 min )

A company's bankruptcy can mean significant changes for your insurance coverage and benefits. Learn how bankruptcy can affect you and how to stay safe.  ( 24 min )

U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.  ( 18 min )

Warren Buffett is an investment guru, but he's still a human being and his biggest investing blunders prove it. Find out where he thinks he went wrong and why.  ( 24 min )

At 11:59 p.m. Eastern Time Thursday, up to 150,000 members of the United Auto Workers union could walk off the job if they don’t reach a deal on wages and working conditions with the big three automakers in Detroit.  ( 18 min )

Most U.S. employees are using some form of generative artificial intelligence (AI) at work, but few companies have AI policies.  ( 17 min )

The loss disallowance rule limits a corporation's ability to claim the losses of a subsidiary business for tax purposes.  ( 18 min )

Rising oil prices have boosted some of the biggest exchange-traded funds (ETFs) that track the price of crude, many of which have risen more than 20% since late June.  ( 18 min )

SNAP, which is often referred to as the “food stamps program,” has been helping people whose incomes are below the federal poverty threshold purchase food since 1961.  ( 24 min )

These Latinx movers and shakers are having an impact in the United States today and leading the way for others to follow.  ( 23 min )

Read about the difference between asset-price inflation and real economic growth and why a rising stock market or housing market can be misleading.  ( 21 min )

Accounting Standards Executive Committee (AcSEC) is now called the Financial Reporting Executive Committee.  ( 19 min )

Citigroup (C) on Wednesday launched a restructuring effort, changing its organizational structure and cutting back on jobs. But can the move bring shareholders some respite?  ( 18 min )

Vietnamese EV maker VinFast Auto is particularly focused on Indonesia, earmarking $1.2 billion in long-term investments in the nickel-rich nation.  ( 17 min )

Moderna (MRNA) was the best-performing stock in the S&P 500 as the vaccine maker reported its experimental flu shot met its primary endpoint in a Phase 3 trial.  ( 17 min )

U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.  ( 17 min )

Employer mandates are forcing some people to choose between selling their homes at a loss or losing their jobs, according to a Redfin survey.  ( 18 min )

The analysis, released by the U.S. Environmental Protection Agency (EPA), used models to assess how the act’s investments in clean energy and other climate-related solutions will reduce CO2 emissions.  ( 18 min )

Airline stocks tumbled after American Airlines and Spirit Airlines warned that higher fuel costs and other expenses will hurt profits in the key summer travel season.  ( 17 min )

Ford Motor Co (F) will slash prices and double down on the production of its gasoline-electric hybrid F-150 pickup truck, as higher costs continue to limit demand for all-electric vehicles.  ( 17 min )

A Special Purchase and Resale Agreement is an open market operation used by the Bank of Canada to help target interest rates.  ( 17 min )

Have you ever wondered how much you're worth to your boss? Here's a method for calculating that value.  ( 20 min )

Higher fuel prices are driving up the cost of living and complicating the battle against inflation.  ( 18 min )

"Best endeavors" is a phrase in commercial contracts that obligates a party to use all efforts necessary to fulfill a duty.  ( 19 min )

A business credit score is a number indicating whether a company is a good candidate to receive a loan or become a business customer.  ( 25 min )

Uncollected funds are the portion of a check deposit that remains unavailable to customers until the deposit is verified and clears the banking system.  ( 23 min )

Shares of Chinese EV makers are falling after European Union (EU) regulators launched a probe targeting state subsidies for Chinese EV makers like Nio, BYD, and XPeng, in a bid to protect domestic automakers.  ( 18 min )

Roll's critique is an economic idea that suggests that it is impossible to create or observe a truly diversified market portfolio.  ( 18 min )

Berkshire Hathaway is one of the most coveted companies and stocks in the world, thanks to the investing prowess of Warren Buffett.  ( 26 min )

Rates on 30-year mortgages dropped to about the same level as they registered a week ago. It's a notable improvement after notching a historic 22-year peak late last week.  ( 19 min )

The Chinese Foreign Ministry rebutted reports that officials were barred from using iPhones at work, but raised security concerns around the Apple product.  ( 17 min )

A debtor nation has negative net investment after recording all of the financial transactions it has completed worldwide.  ( 20 min )

Binance.US CEO Brian Shroder has left the crypto exchange and the platform cuts 100 positions amidst increasing regulatory scrutiny.  ( 17 min )

An economy of scale is a microeconomic term that refers to factors that drive production costs down while increasing the volume of output. Find out the difference between internal economies of scale and external economies of scale.  ( 23 min )

Amazon said it plans to boost pay and benefits for contract drivers with a $450 million investment this year into its delivery service partners program.  ( 17 min )

Find out about the benefits, features, and interest charges of the Goodyear Credit Card. Learn which customers benefit most and who the competition is.  ( 24 min )

You may need travel insurance to offer financial protection if you cancel an expensive, nonrefundable vacation for an approved reason. Learn about its other benefits.  ( 26 min )

If you have life insurance, there are a couple of ways it potentially can help you buy a house. Find out how they compare.  ( 24 min )

Money market accounts are different from money market funds, but they share some similarities. Learn more about how the two kinds of accounts compare.  ( 25 min )

The American Accounting Association (AAA) is an organization that supports worldwide excellence in accounting education, research, and practice.  ( 19 min )

Currency substitution is when a country uses a foreign currency in lieu of, or in addition to, its currency, mainly due to the former's stability.  ( 20 min )

The internet bubble, also known as the dot-com bubble, is a textbook example of a speculative bubble.  ( 21 min )

Euro LIBOR is the London Interbank Offered Rate denominated in euros, which banks offer each other for large, short-term loans.  ( 20 min )

Discover why economic profits are theoretically impossible in a perfectly competitive market and why some economists use perfect competition models.  ( 21 min )

Personal loan rates continued their decline this week, falling to 20.94%, losing just 2 basis points since last week when the average personal loan rate sat at 20.96%.  ( 19 min )

Term Auction Facility was a monetary policy program designed to increase liquidity in U.S. credit markets.  ( 20 min )

The annual rate of consumer inflation in the U.S. is expected to rise for the second straight month, and ADRs of Chinese electric vehicle makers fell after the European Union opened an investigation into price subsidies. Here’s what investors need to know today.  ( 18 min )

There are two ways to calculate a nation's gross domestic product (GDP): By adding up all of the money spent or all of the money earned.  ( 22 min )

Learn more about interest on interest, or compound interest, including what it is, why it matters, and how to calculate compound interest accrued.  ( 22 min )

A nuclear hazards clause is property insurance policy language that excludes from coverage any damage caused by nuclear incidents.  ( 19 min )

The Financial Crisis of 2008-09 rattled the global economy and investors.  ( 27 min )

Crude oil prices surged to 10-month highs after OPEC and the EIA indicated surging demand could keep prices elevated, but analysts suggest they may not have much room to rise further.  ( 18 min )

With the third quarter winding down, and the final quarter of the year almost upon us, it’s time to take stock of stock markets. Where are we likely to go in the next few months, and what are the likely forces to impact trading? In some recent comments on CNBC, Citi strategist Scott Chronert lays out his own belief that we’re likely to see some further gains. Chronert first points out that fears of a hard recession have faded, or as he puts it, “We’ve been pricing in a soft landing since the fir  ( 36 min )

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Caesars is second major casino operator hit by hackers in recent weeks.  ( 28 min )

The Direxion Daily NVDA Bull 1.5x Shares ETF seeks to deliver 1.5 times the price return of daily moves in Nvidia’s shares, which have more than tripled year-to-date. Meanwhile, the Direxion Daily NVDD Bear 1x Shares ETF allows bearish investors to profit when Nvidia’s shares decline.  ( 32 min )

Goldman Sachs has fired several executives in its transaction banking business following violation of the firm's communications policy, according to a memo seen by Reuters on Wednesday. The company did not name the individuals. "We are not going to comment on individual disciplinary matters," a spokesperson said.  ( 30 min )

Mullen Automotive Inc. said it spent $3.5 million to purchase battery pack production assets from Romeo Power.  ( 14 min )

As usual, the media and politicians are blaming the possibility of an auto strike on the auto workers union, but company managements are the guilty parties.  ( 37 min )

(Bloomberg) -- Caesars Entertainment Inc. paid tens of millions of dollars to hackers who broke into the company’s systems in recent weeks and threatened to release the company’s data, according to two people familiar with the matter. Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksCiti Plans Job Cuts as It Revamps Top Management StructureLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at De  ( 32 min )

“We continue to invest in top engineering and technical talent while also meaningfully slowing the pace of our overall hiring,” a Google spokesperson said.  ( 19 min )

Chip designer Arm Holdings Plc secured a $54.5 billion valuation in its U.S. initial public offering (IPO) on Wednesday, seven years after its owner SoftBank Group Corp took the company private for $32 billion. The IPO represents a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from the $100 billion Vision Fund it manages. Yet even with this lower valuation, SoftBank fares better than its $40 billion deal to sell Arm to Nvidia Corp, which it abandoned last year amid opposition from antitrust regulators.  ( 33 min )

August's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.  ( 32 min )

Both companies halted dividends in 2020, though Ford resumed paying its quarterly dividend in 2021 at the prepandemic level. GM resumed payouts in 2022 but with a cut to nine cents a share from 38 cents.  ( 22 min )

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Truist's planned $750 million in costs cuts have put it on the right path to achieve greater efficiency, but that isn't the bank's top concern, one analyst told CBJ.  ( 21 min )

The drug is likely to get pulled, but the financial impact for the makers of Tylenol, Sudafed, and Advil won’t be substantial.  ( 23 min )

Real estate stands as a cornerstone of wealth generation, and as 19th-century British philosopher and economist John Stuart Mill once, said, "Landlords grow rich in their sleep." Landlords don't merely collect rental income; they also reap the rewards of property value appreciation. While it's nice to collect monthly rental income from an investment property, being a landlord does come with hassles. Don’t miss: Investing in real estate just got a whole lot simpler. With as little as $100, averag  ( 33 min )

Fifth Third Bancorp has increased its dividend, marking the eighth consecutive year it has boosted the amount it pays back to shareholders.  ( 19 min )

China is driving global debt back towards unsustainable levels amid an “unparalleled” borrowing binge by property developers and local governments, according to the International Monetary Fund.  ( 56 min )

Nvidia Corp (NASDAQ: NVDA) stock is trading higher as the artificial intelligence tailwinds continue to blow in a favorable direction. AI beneficiaries, Microsoft Corp (NASDAQ: MSFT) president Brad Smith and Nvidia's chief scientist, William Dally, testified in Senate AI hearings. Also Read: What's Going On With Alibaba Stock Wednesday? The hearing began with Senator Richard Blumenthal seeking a risk-based approach to regulating AI. Earlier this week, Blumenthal and Josh Hawley, a Missouri Repub  ( 32 min )

Airbnb Inc. is in the spotlight. On Sept. 5, New York City implemented what Airbnb calls a "de facto ban" on the short-term rental platform. The number of short-term listings on Airbnb in New York City, one of the platform's top markets, has seen a significant decline. And according to "Rich Dad Poor Dad" author Robert Kiyosaki, a major shift in the real estate landscape is on the horizon. "Airbnb to lead real estate market crash," he said in a recent post on X, formerly Twitter. While a crash i  ( 33 min )

(Bloomberg) -- Wall Street bankers are dangling one of the steepest discounts in recent memory to bond investors as they look to offload billions of dollars of debt that’s been stuck on their books for months.Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksCiti Plans Job Cuts as It Revamps Top Management StructureLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceWall Street Yawns at ‘  ( 33 min )

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August's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.  ( 32 min )

Falling oil inventories put America's energy security at risk, potentially making the country more vulnerable to supply disruptions and price volatility in the global market.  ( 33 min )

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Generating enough income in retirement to meet your spending needs is crucial. While Social Security provides inflation-protected retirement income, it's simply not enough for many retirees. If you need help planning for retirement, consider working with a financial advisor. John Rekenthaler, … Continue reading → The post Treasury Bonds vs. TIPS Ladders vs. Annuities: Which Strategy Is Best For Retirement Income? appeared first on SmartAsset Blog.  ( 33 min )

When you leave a job where you had a 401(k) it's important to understand what your options are for rolling over your tax-advantaged plan. Cashing out is another option but can result in significant taxes. Many choose to roll their … Continue reading → The post How to Roll Over Your 401(k) Into An Annuity appeared first on SmartAsset Blog.  ( 38 min )

U.S. industrial conglomerate 3M Co on Wednesday warned of "a slow growth environment" in 2024 as well as flagged weakness in its electronics and consumers segments in the current and next quarters. This comes a few months after the company had raised its full-year profit forecast in July and beat second-quarter earnings estimates as it was able to offset high raw material and labor costs by hiking prices. "The consumer has shifted spending from discretionary to staples and other experimental activities," 3M Chief Financial Officer Monish Patolawala said.  ( 31 min )

Rates on 30-year mortgages dropped to about the same level as they registered a week ago. It's a notable improvement after notching a historic 22-year peak late last week.  ( 20 min )

The head of the nation's third-largest bank said the changes won't be 'universally popular' within Citigroup.  ( 34 min )

Researchers at the Federal Reserve have issued warnings in recent weeks about possible disruptions in U.S. Treasuries due to the return of a popular hedge fund trading strategy that exacerbated a crash in the world's biggest bond market in 2020. Hedge funds' short positions in some Treasuries futures - contracts for the purchase and sale of bonds for future delivery - have recently hit record highs as part of so-called basis trades, which take advantage of the premium of futures contracts over the price of the underlying bonds, analysts have said. The trades - typically the domain of macro hedge funds with relative value strategies - consist of selling a futures contract, buying Treasuries deliverable into that contract with repurchase agreement (repo) funding, and delivering them at contract expiry.  ( 32 min )

There’s no doubt that the post-pandemic macro landscape has been treacherous to navigate on many levels. From the global supply disruptions that followed the reopening to the soaring inflation and Russia’s invasion of Ukraine, nothing has remained static, and uncertainty has been the only constant. This new paradigm is acknowledged by Alex Brazier, the Deputy Head at BlackRock Investment Institute. “We‘re in an unprecedented macro environment that is driving constant shifts in the market narrati  ( 35 min )

The Social Security cost of living adjustment forecast rose with inflation in August, but seniors are still struggling from two years of inflation.  ( 34 min )

NewStreet Research sets a Buy rating and $59 target price on shares of chip-design house Arm, which is set for an initial public offering on Thursday.  ( 23 min )

The ALPHV/BlackCat ransomware group claimed responsibility for the MGM Resorts cyber outage on Tuesday, according to a post by malware archive vx-underground.  ( 32 min )

Just over half of hiring managers say removing four-year degree requirements would positively impact their company's hiring practices, according to a OneTen report.  ( 35 min )

(Bloomberg) -- Hotter-than-expected inflation likely ensures the Federal Reserve keeps its options open to raise interest rates again in November or December following an expected pause this month.Most Read from BloombergChina Flags ‘Security Incidents’ With iPhones as Bans ExpandLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 1  ( 32 min )

(Bloomberg) -- After years of disappointing investors, Intel Corp. shares are showing signs of life.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceThe best performer in the Philadelphia Stock Exchange Semiconductor Index o  ( 34 min )

Volkswagen is looking at reducing staff at its plant in the eastern German city of Zwickau due to low demand for electric cars, the dpa news agency reported on Wednesday. Volkswagen was not immediately available for comment. The German carmaker would thin down staff by allowing fixed-term contracts to expire, which could affect a few hundred employees at the end of October, according to dpa information.  ( 32 min )

August's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.  ( 33 min )

Apple’s long-awaited iPhone 15 launch leaves investors disappointed, and Wall Street isn't too enthused, either.  ( 22 min )

There are opportunities for investors in China's internet stocks, life insurers, sportswear makers and the supply chain for solar energy.  ( 22 min )

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Citigroup CEO Jane Fraser announced a major management reorganization that will give her more direct oversight over its businesses as she seeks to simplify the bank. The heads of the bank's five businesses will now report directly to Fraser. They include: Shahmir Khaliq, who runs services, Andrew Morton in markets, Peter Babej for investment and corporate banking, Gonzalo Luchetti in U.S. consumer banking, in Andy Sieg in wealth when he joins the company later this month.  ( 32 min )

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August's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.  ( 33 min )

Consumer prices edged higher in August as a surge in oil prices contributed to an uptick in headline inflation, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.  ( 33 min )

The economic macro now favors shares of Ford Motor and General Motors over Tesla, writes UBS analyst Joseph Spak.  ( 23 min )

The United Auto Workers on Wednesday outlined plans for a series of strikes targeting individual U.S. auto plants in what would be its first-ever simultaneous strike against the Detroit Three automakers if agreements are not reached by late Thursday. "To win, we're likely going to have to take action," UAW President Shawn Fain said in a Facebook Live address, adding the UAW was not planning company-wide walkouts if no deal was reached but would escalate if negotiations did not improve. Fain said the Detroit Three automakers had offered 146,000 U.S. autoworkers pay raises of as much as 20% over four and a half years but called the hikes inadequate.  ( 32 min )

Moderna expects to launch up to 15 new products over the next five years 'addressing high unmet needs.'  ( 23 min )

US stock futures fell slightly on Wednesday, with the focus firmly on an inflation print due later that's key for the Fed.  ( 33 min )

Apple stock edges lower following the launch of its new iPhone 15 lineup, Ford and GM shares are upgraded just as a United Auto Workers strike looms, NIO drops as the European Union launches an anti-subsidy investigation into Chinese electric-vehicle makers, and Moderna releases positive results from a late-stage trial of its mRNA flu vaccine.  ( 23 min )

Brussels has launched a probe into Chinese state subsidies for electric vehicle makers, as it vowed to protect Europe’s car industry from a “race to the bottom”.  ( 32 min )

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(Bloomberg) -- Three months after its July 2022 debut on the Nasdaq, FaZe Holdings Inc. threw an exclusive party at a San Diego nightclub, hiring the rapper Travis Scott to promote its stable of video-game stars and YouTube personalities.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 15 in Lure for New S  ( 40 min )

Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off.  ( 27 min )

Apple’s long-awaited iPhone 15 launch leaves investors disappointed, and Wall Street isn't too enthused either.  ( 22 min )

(Bloomberg) -- Novo Nordisk A/S shares rose slightly on Wednesday in the first trading session following a two-for-one split aimed at increasing the liquidity of the Danish drugmaker’s soaring stock.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T-Mobile Offer Free iPhone 15 in Lure for New SubscribersBP CEO Looney Quits Over Past  ( 33 min )

The equity option is worth more to VMware investors in the $75 billion merger due to close on Oct. 30  ( 22 min )

The August CPI release is the final key report before the Federal Reserve's policy-making committee considers interest-rate increases.  ( 22 min )

The supplier's CEO says the company has "exhausted" many of the mechanisms it has used to address wage and labor challenges.  ( 21 min )

There are opportunities for investors in China's internet stocks, life insurers, sportswear makers and the supply chain for solar energy.  ( 22 min )

"Constructive credit markets entering September support the case for the bullish seasonality scenarios that we have highlighted," BofA said.  ( 32 min )

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West Texas Intermediate crude prices climbed 2% to $89.05 a barrel after the OPEC data came out.  ( 32 min )

Ford plans to double production of hybrid F-150 pickup trucks in 2024, accelerating the automaker's pivot toward gas-electric powertrains as a hedge against reluctance among U.S. truck buyers to go all-electric. Ford said it is tooling up to equip 20% of the best-selling model-line in the U.S. market with gas-electric powertrains in 2024. For the 2024 model year, the hybrid powertrain will be offered at the same price as a truck equipped with a six-cylinder "EcoBoost" combustion powertrain, the company said.  ( 32 min )

Als het kabinet ongelijkheid tussen mannen en vrouwen met jonge kinderen op de arbeidsmarkt wil aanpakken, moet er gekeken worden naar de kwaliteit en beschikbaarheid van kinderopvang. En willen we écht meer gelijkheid, dan moet verder gekeken worden dan alleen de kinderopvang.  ( 4 min )

Nederlanders gingen er vorig jaar gemiddeld 1,2 procent in koopkracht op achteruit. Dat was de grootste daling in veertig jaar, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

Ruim zes miljoen mensen reisden vorige maand van, naar of via Schiphol. Dat is een stijging van 14 procent ten opzichte van augustus vorig jaar (5,3 miljoen). De meeste passagiers gingen naar Spanje, het Verenigd Koninkrijk, Griekenland, Italië of Turkije.  ( 3 min )

De Rijksdienst Digitale Infrastructuur onderzoekt of de iPhone 12 te veel straling uitzendt. Als dat het geval is, kan de verkoop van het toestel ook in Nederland worden stilgelegd. In Frankrijk geldt al een tijdelijk verkoopverbod voor de iPhone 12.  ( 5 min )

WhatsApp-gebruikers kunnen voortaan updates van bekende personen of organisaties ontvangen door hun WhatsApp-kanalen te volgen. Het is geen groepsgesprek: volgers kunnen de berichten alleen lezen.  ( 4 min )

Big Bazar krijgt van de rechter niet meer tijd om afspraken te maken met schuldeisers. De rechtbank in Leeuwarden heeft voor de tweede keer geweigerd om een afkoelingsperiode in te stellen.  ( 4 min )

VDL Nedcar hoeft in november minder personeel te ontslaan dan verwacht. Eerder kondigde de autoproducent aan dat achttienhonderd medewerkers hun baan zouden kwijtraken.  ( 3 min )

De Europese Unie start een onderzoek naar subsidies die China geeft aan autofabrikanten om elektrische modellen goedkoop in Europa te kunnen verkopen. Brussel vindt dat sprake is van oneerlijke concurrentie en sluit strafmaatregelen niet uit.  ( 4 min )

Werknemers in de energiebranche krijgen een loonsverhoging van 10 procent. Werkgeversvereniging WENB en vakbond FNV zijn het eens over een nieuwe cao voor werknemers van energieproducenten en -leveranciers. Hieronder vallen ook Eneco, Essent en Vattenfall.  ( 3 min )

De Nederlandse Arbeidsinspectie eist dat de korpsleiding de problemen met het C2000-communicatienetwerk voor 8 juni 2024 oplost. Door storingen en andere problemen kunnen agenten op straat niet op het netwerk vertrouwen. Daardoor kunnen ze niet altijd veilig hun werk doen.  ( 5 min )

Autobezitters die hun wagen naar de garage moeten brengen, moeten enkele weken tot maanden op een reparatie of onderhoud wachten. De automonteurs hebben het momenteel ongekend druk.  ( 3 min )

De economie van het Verenigd Koninkrijk is in juli met 0,5 procent geslonken. Dit komt vooral door stakingen in de zorg en het onderwijs en doordat de bouw last heeft gehad van veel regenval.  ( 3 min )

De Nederlandse Arbeidsinspectie eist dat de korpsleiding de problemen met het C2000-communicatienetwerk voor juni 2024 oplost. Door storingen en andere problemen kunnen agenten op straat niet op het netwerk vertrouwen. Daardoor kunnen ze niet altijd veilig hun werk doen.  ( 5 min )

De Franse toezichthouder op radiofrequenties heeft de verkoop van de iPhone 12 in het land stopgezet. De iPhone 12 stoot een hogere elektromagnetische straling uit dan in Europa is toegestaan.  ( 3 min )

Bernard Looney is dinsdag opgestapt als topman van de Britse energiereus BP. Looney ligt onder vuur, omdat hij informatie heeft achtergehouden over relaties met collega's.  ( 3 min )

De Duitse energieproducent NOTUS energy is van plan windmolens te bouwen in Tsjernobyl. De molens moeten verrijzen op de plek waar in april 1986 de grote kernramp plaatsvond. Daarover heeft het bedrijf een akkoord bereikt met het Oekraïense staatsenergiebedrijf Ukrenergo.  ( 3 min )

Ritprijzen in de metro, tram en bus gaan volgend jaar waarschijnlijk met 11,7 procent omhoog. De vervoerders hebben te maken met hogere kosten, onder meer voor personeel en energie, en verhogen hun prijzen daarom flink.  ( 4 min )

Ritprijzen in de metro, tram en bus gaan volgend jaar waarschijnlijk met 11,7 procent omhoog. De vervoerders hebben te maken met hogere kosten, onder meer voor personeel en energie, en verhogen hun prijzen daarom flink.  ( 4 min )

U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.  ( 1 min )

US equities were mixed on Sept. 13, 2023, with the S&P 500 Index rising 0.1% after Labor Department reported core consumer inflation that was higher than estimates.  ( 1 min )

U.S. equities were higher at midday on Wednesday, Sept. 13, 2023 after hotter-than-expected inflation figures as gas prices surged failed to change traders' expectations that the Fed would pause rate hikes.  ( 1 min )

Airline stocks tumbled after American Airlines and Spirit Airlines warned that higher fuel costs and other expenses will hurt profits in the key summer travel season.  ( 1 min )

The annual rate of consumer inflation in the U.S. is expected to rise for the second straight month, and ADRs of Chinese electric vehicle makers fell after the European Union opened an investigation into price subsidies. Here’s what investors need to know today.  ( 1 min )

US equities fell on Sept. 12, 2023, with the S&P 500 Index dropping 0.6% after oil futures rose to a 10-month high.  ( 1 min )

Crude oil prices surged to 10-month highs after OPEC and the EIA indicated surging demand could keep prices elevated, but analysts suggest they may not have much room to rise further.  ( 1 min )

Shares of MGM Resorts International fell after the hotel and casino operator revealed that it was a target of a cybersecurity attack, and suggested that it could have a material effect on the company.  ( 1 min )

Moderna (MRNA) was the best-performing stock in the S&P 500 as the vaccine maker reported its experimental flu shot met its primary endpoint in a Phase 3 trial.  ( 1 min )

Vietnamese EV maker VinFast Auto is particularly focused on Indonesia, earmarking $1.2 billion in long-term investments in the nickel-rich nation.  ( 1 min )

Ford Motor Co (F) will slash prices and double down on the production of its gasoline-electric hybrid F-150 pickup truck, as higher costs continue to limit demand for all-electric vehicles.  ( 1 min )

Shares of Chinese EV makers are falling after European Union (EU) regulators launched a probe targeting state subsidies for Chinese EV makers like Nio, BYD, and XPeng, in a bid to protect domestic automakers.  ( 1 min )

The Chinese Foreign Ministry rebutted reports that officials were barred from using iPhones at work, but raised security concerns around the Apple product.  ( 1 min )

Amazon said it plans to boost pay and benefits for contract drivers with a $450 million investment this year into its delivery service partners program.  ( 1 min )

Amazon is expanding its ecosystem of services with an end-to-end supply chain service for third-party sellers called "Supply Chain."  ( 1 min )

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Simply investing in the S&P 500 rather than following Michael Burry's bearish tweets would've delivered investors an average six-month annualized gain of 34%, Charlie Bilello said.  ( 32 min )

Tech stocks have been leading the market this year; that’s no secret. The tech-heavy NASDAQ index, even after recent losses, has a year-to-date gain of ~32%, and the S&P 500, which includes a large tech segment, is up 16%. Those broad numbers cover up some important drill-downs. It’s the giant tech firms that are leading the way, and among them, AI has played a conspicuous part in the gains. The technology came to sudden prominence last November, when OpenAI released its ChatGPT AI-powered chatb  ( 35 min )

Palo Alto Networks, Inc. (NASDAQ: PANW) shares fell on Tuesday in sympathy with Oracle (NYSE: ORCL), which dropped after issuing soft guidance. What To Know: On Monday, Oracle reported mixed first-quarter earnings results. The company reported quarterly earnings of $1.19 per share, which beat the analyst consensus estimate of $1.15, and quarterly sales of $12.45 billion, which missed the analyst consensus estimate of $12.46 billion. The company expects total revenue to grow between 5% and 7% in  ( 31 min )

Today's best CD rate is 5.75%, from five banks and credit unions, while the top jumbo CD rates are 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.  ( 20 min )

Wells Fargo CFO Mike Santomassimo said running an efficient bank shouldn't be a one-time cost-cutting program.  ( 21 min )

(Bloomberg) -- Sorrento Therapeutics Inc., which filed for bankruptcy in February after suffering shortseller attacks for prematurely saying it had developed a cure for Covid-19, received court approval to sell a major stake in its publicly traded subsidiary.Most Read from BloombergApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishApple’s iPhone 15 Debut Includes Higher Price on Top ModelThe Mighty American Consumer Is About to Hit a Wall, Investors SayBP CEO Looney Quits Over Past  ( 32 min )

A disagreement over accounting for intangible property acquired as part of a $2.2 billion deal buying one of its major brands comes back after 12 years.  ( 21 min )

"I think the regulators would allow us to do something right now."  ( 20 min )

Countries have been vying toward clean energy, with most developed nations planning to achieve carbon neutrality by 2050. Several startups have achieved success thanks to their green energy initiatives, including the blockbuster electric vehicle maker Tesla, Inc. (NASDAQ:TSLA). Companies are now focusing on producing clean energy through nuclear fusion, which is often considered the epitome of green power, as it can produce nearly unlimited energy without any harmful byproducts. As of 2022, inve  ( 34 min )

At the Future Proof conference in Huntington Beach, Calif., the former Pimco titan said he has 40% of his investments in MLPs, while DoubleLine's founder offered up commercial mortgage-backed securities and other fixed-income options.  ( 22 min )

VinFast filed a registration statement with the SEC on Tuesday. About 11 million shares of the EV maker will soon be available to trade.  ( 23 min )

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The August Consumer Price Index (CPI) is expected to be elevated in the wake of high oil prices.  ( 33 min )

Stocks opened lower on Tuesday as investors waited for Apple's fall event to kick off and counted down to a key inflation data report.  ( 32 min )

McDonald's is getting rid of self-served soda. The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald's confirmed this week. In an email to The Associated Press Tuesday, McDonald's USA said the goal of the change is to create consistency for customers and crew members across the chain's offerings — from in-person dining to online delivery and drive-thru options.  ( 33 min )

(Bloomberg) -- BP Plc Chief Executive Officer Bernard Looney will be resigning, the Financial Times reported, citing two people it didn’t name.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishApple to Sell Made-in-India iPhones on Launch Day for First TimeGuyana Is World’s Most Booming Economy — And Is Set to Grow  ( 32 min )

DVN's 80-day moving average could provide tailwinds  ( 31 min )

The timeless adage "buy low, sell high" has attracted countless people to the stock market. But as many discover the hard way, the strategy is easier said than done. Stocks don't always go up. Even though the S&P 500 is up 17% in 2023, it's still down compared to where it was at the end of 2021. The good news? You don't have to actively trade stocks to make money. You can also collect dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attem  ( 33 min )

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"We don’t have any intention of booking an international flight when the playground in the U.S. is immense.”  ( 20 min )

BP's Chief Executive Officer Bernard Looney is to resign, the Financial Times reported on Tuesday citing two people with knowledge of the matter. Looney took over the role in 2020, replacing Bob Dudley, who retired in the same year. BP declined to comment.  ( 30 min )

Shares of the auto parts distributor are on pace for their lowest close since October 2011.  ( 22 min )

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Here's why Oracle stock dipped after earnings.  ( 33 min )

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The great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles at the 120-old automaker. Elena Ford, who had been serving as chief customer experience officer, becomes the company's chief dealer engagement officer. Will Ford III was named general manager of Ford Performance.  ( 32 min )

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The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.  ( 34 min )

The Federal Reserve will leave its benchmark overnight interest rate unchanged at the end of its Sept. 19-20 policy meeting and probably wait until the April-June period of 2024 or later before cutting it, according to economists in a Reuters poll. Fed Chair Jerome Powell underscored the "higher-for-longer" mantra for rates in a speech at the annual Jackson Hole central banking symposium in August and maintained another rate hike might still be needed to bring inflation down to the 2% target. But other members of the rate-setting Federal Open Market Committee (FOMC), including some of the more hawkish ones, have raised the possibility of holding off on another rate hike to allow more time to gauge the impact of the cumulative 525 basis points of tightening delivered by the Fed since March 2022.  ( 32 min )

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Wall Street is punishing Oracle after quarterly results but some suggest investors are missing key details on future growth tied to AI and cloud demand.  ( 32 min )

Higher interest rates are intended to curb inflation and stabilize the economy. But this monetary tightening has come with unintended consequences, particularly for the backbone of the U.S. economy: small businesses. According to "Shark Tank" star Kevin O'Leary, small businesses are having a hard time getting financing. "The regional [banks] don't know yet what their capital requirements are going to be. So, their loan books have closed like a turtle in a shell," O'Leary told Fox Business's Larr  ( 34 min )

Oil's recent three month rally has lifted expectations that inflation could reaccelerate in the near term.  ( 33 min )

Top brass at the aerospace giants are seemingly given special treatment when it comes to any return-to-office policy.  ( 34 min )

Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. It has already reduced its employee base by nearly 40,000 and cuts are likely to continue, Santomassimo said. The bank has trimmed its mortgage business, which has also seen some layoffs.  ( 32 min )

It’s been a good year so far for Cathie Wood. Representing a meaningful turnaround after what can be described as a two-year post-pandemic comedown, her flagship ARKK Innovation fund (ARKK) is up by 46% year-to-date, putting the main indexes’ performances in the shade. That said, given Wood’s penchant for the risky and outré, not all the stocks that make up the various funds under the Ark Invest banner are doing well right now. Some have underperformed recently and look a bit rough around the ed  ( 35 min )

CVS upgraded, RTX downgraded: Wall Street's top analyst calls  ( 34 min )

WestRock stock jumped by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world's largest listed packaging company by revenue.  ( 19 min )

The stock has already lost more than 8% in September, retreating from an all-time high, and is poised to notch its longest down stretch in 2023.  ( 23 min )

Barron's looked for the most popular stocks in the S&P 500 based on analyst ratings that also have rising 2024 earnings estimates.  ( 31 min )

The U.S. government on Wednesday morning will release its latest official inflation data.  ( 32 min )

The wage increase bid/ask spread between the union and auto makers seems to be narrowing. That's good news for investors.  ( 22 min )

An audacious call from Brazil President Luiz Inacio Lula da Silva for the BRICS nations to establish a shared currency has been met with skepticism. Addressing a packed audience during the 2023 BRICS Summit in Johannesburg, South Africa, Silva argued that a common currency would insulate these nations — Brazil, Russia, India, China and South Africa — from the tumultuous waves of dollar exchange rate shifts. But the idealistic vision is riddled with logistical conundrums, stemming from the profou  ( 32 min )

Three analysts cut their rating on the shares to Hold from Buy in the aftermath of its disclosure about issues with the company's geared turbofan aircraft engines.  ( 22 min )

The company's shares were tanking after its results disappointed. But analysts at Global Equities Research see an opportunity.  ( 22 min )

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.  ( 23 min )

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TSMC, the world's largest contract chipmaker, said it would invest up to $100 million in Arm Holdings Plc's initial public share offering (IPO), it said on Tuesday. The company also agreed to purchase 10% equity interest in IMS Nanofabrication Global, LLC from Intel Corp for up to $432.8 million, the statement said.  ( 30 min )

(Bloomberg) -- Global oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets Wr  ( 33 min )

Stock market technology for the average investor has come a long way since the days when brokers handled everything and doing research was restricted to scrolling through long columns of tiny font in one of the larger financial newspapers. Today there are internet screeners that can provide investors with crucial information to help guide purchase or sale decisions in a matter of minutes. Investors who are seeking steady and reliable income often find it difficult to pinpoint stocks that pay a h  ( 34 min )

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Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. The shifts were the largest since Citigroup began the study in 2020.  ( 31 min )

Shares of MTU Aero fell 4.5%, a day after it said it was expecting a hit of around €1 billion this year as Pratt & Whitney parent RTX said it would recall hundreds of jet engines.  ( 26 min )

The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.  ( 33 min )

Three analysts cut their rating on the shares to Hold from Buy in the aftermath of its disclosure about issues with the company's geared turbofan aircraft engines.  ( 22 min )

Stocks opened lower on Tuesday as investors waited for Apple's fall event to kick off and counted down to a key inflation data report.  ( 33 min )

Stocks opened lower on Tuesday as investors waited for Apple's fall event to kick off and counted down to a key inflation data report.  ( 33 min )

US futures dipped on Tuesday, as investors waited for Apple's highly anticipated fall event to kick off and counted down to key inflation data.  ( 32 min )

Managers who give with one hand and take with the other risk sending their workers off on their own.  ( 33 min )

(Bloomberg) -- A seemingly insatiable demand for cash is rippling through markets.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMeloni Tells China That Italy Plans to Exit Belt and RoadEveryone — from moms and pops to corporate treasurers and the mega as  ( 36 min )

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The company was on track to lose about $30 billion in market value, based on its premarket share price of $115. The stock has risen 55% this year on optimism the rise of generative AI would drive up cloud demand. Lower-than-expected revenue for the first quarter and a below-estimate forecast for the second, however, signaled the boost from AI would take longer to materialize.  ( 32 min )

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Oracle's revenue outlook disappoints, Apple kicks off its annual fall launch event, Tesla falls a day after surging 10%, and WestRock signs an agreement to merge with Dublin-based Smurfit Kappa.  ( 23 min )

The UAW is pressing for more work-life balance during contract talks; the automakers want better attendance.  ( 27 min )

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Shares of Oracle (ORCL) slid in premarket trading after the software giant reported quarterly sales that underwhelmed investors. Revenue rose 9% to $12.45 billion, in line with analyst estimates. Cloud revenue continued to drive the growth, rising  ( 21 min )

Investors hoping for a big move in Apple’s stock as the latest iPhone is launched may be left disappointed, if history is anything to go by. Or, at the very least, they may have to wait for the post-launch gains. The shares have fallen 0.2%, on average, on the day of an iPhone announcement, accordi  ( 11 min )

(Bloomberg) -- Oil edged up, trading near the highest level this year before reports that may offer further insight into the demand and supply outlook.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMeloni Tells China That Italy Plans to Exit Belt and Road  ( 32 min )

(Bloomberg) -- Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates a packaging industry powerhouse domiciled in Ireland.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapArm’s IPO Orders Are Already Oversubscribed by  ( 33 min )

The company's shares were tanking after its results disappointed. But analysts at Global Equities Research see an opportunity.  ( 22 min )

Smurfit Kappa and WestRock said they reached a tie-up agreement. Tony Smurfit will be CEO of the combined company.  ( 26 min )

Smurfit Kappa and WestRock have agreed to combine, the companies said on Tuesday, to create one of the world's largest paper and packaging producers worth nearly $20 billion. The companies' combined adjusted revenue was about $34 billion for the year ended June 30, which would make the new company, called Smurfit WestRock, the largest listed global packaging partner by revenue, the statement said. WestRock stockholders will get one new Smurfit WestRock share and $5 in cash for each share they hold, which works out to $43.51 per share, the statement said.  ( 32 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at CVS Health, Brown Forman, Geron, and a buy initiation for Block. Wolfe Research upped CVS Health (NYSE: NYSE:CVS) to Outperform from Peerperform with a price target of $80.00, prompting the shares to shoot higher after word of the upgrade hit the wires intraday Monday.  ( 33 min )

(Bloomberg) -- Arm Holdings Ltd.’s initial public offering is already oversubscribed by 10 times and bankers plan to stop taking orders by Tuesday afternoon, according to people familiar with the matter.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMorga  ( 31 min )

(Bloomberg) -- Australia’s richest woman has amassed a stake in lithium producer Albemarle Corp.’s A$6.6 billion ($4.3 billion) takeover target Liontown Resources Ltd., and suggested she may push for a board seat.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets  ( 32 min )

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The family holding company agreed to partial debt paydowns and higher interest rates.  ( 26 min )

Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.  ( 32 min )

Learn how exchange traded funds can provide many of the benefits of a mutual fund with the flexibility of stock, and often a lower cost.  ( 25 min )

Amazon is expanding its ecosystem of services with an end-to-end supply chain service for third-party sellers called "Supply Chain."  ( 17 min )

Today's best CD rate is 5.75%, from five banks and credit unions, while the top jumbo CD rates are 5.85% from One America Bank and 5.80% from Finworth and All In Credit Union.  ( 18 min )

Apple (AAPL) today held its 2023 Annual Fall Event, dubbed "Wonderlust," introducing the latest groundbreaking iPhone and Apple Watch models, including the world's first iPhones made in India.  ( 18 min )

It's easy to earn 5% or more on your savings—but not with any of the big-name banks. Instead, these smaller banks are just as safe but pay 500 times more interest.  ( 19 min )

US equities fell on Sept. 12, 2023, with the S&P 500 Index dropping 0.6% after oil futures rose to a 10-month high.  ( 16 min )

The median asking rent in August was $2,052, only $2 short of the all-time high, according to Redfin.  ( 17 min )

BMW Group, Ford Motor Company, and American Honda Motor Company are teaming up to form a new company called ChargeScape that will help connect utilities, automakers, and electric vehicle owners.  ( 17 min )

New apps and roboadvisors are vying for your business alongside the big names in discount online investing.  ( 24 min )

Walgreens Boots Alliance is teaming with health technology firm Pearl Health to expand its reach into providing primary care services.  ( 17 min )

Nearly 5.5 million children were lifted out of poverty in the three years ending 2021, thanks mainly to the unprecedented cash support to households during the pandemic—and nearly that many fell into poverty in 2022 when that support expired.  ( 20 min )

Taiwan Semiconductor's board has approved an investment of up to $100 million in the hit IPO of U.K.-based chipmaker Arm.  ( 17 min )

A bipartisan bill introduced Tuesday would eliminate a rule that cuts people off from federal disability benefits if they save more than $2,000.  ( 17 min )

Straight credit is a form of letter of credit, which banks may only pay at their counters directly, or via an authorized drawee bank.  ( 22 min )

Learn about the different implications of marginal benefit and marginal utility in economics.  ( 24 min )

American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.  ( 21 min )

Almost half of CFOs Deloitte surveyed say their organizations are experimenting with uses of generative artificial intelligence, with a rising share suggesting now is a good time to take greater risks.  ( 17 min )

Learn about differences between stock and mutual insurers, the potential for a company's financial well-being, and which is best for you as a policyholder.  ( 22 min )

Just because you're in love doesn't mean that filing a joint return is always best for you. Here's when married couples should file taxes separately.  ( 24 min )

Regenerative Finance (ReFi) an alternative financial system with sustainability focus but could refer to a crypto project that uses its platform to invest in environmental, social, and financial stability and growth.  ( 21 min )

A group universal life policy is universal life insurance offered to a group that is less expensive than what is typically offered to an individual.  ( 21 min )

Disaffirmance is the right by one party to renounce a contract and void any legal obligations resulting from that agreement.  ( 19 min )

Warren Buffett's fundamental approach to investing explains his no-split policy on Berkshire Hathaway stock.  ( 23 min )

Microsoft is offering the first credit card aimed at helping Xbox gamers earn rewards they can use toward games and other downloads.  ( 17 min )

The terms bull and bear are used to describe general actions and attitudes, or sentiments, either of an individual or the market. But how were they named?  ( 22 min )

About 23% of small business owners surveyed said inflation is their top problem while many are struggling to fill vacancies with qualified workers.  ( 17 min )

IBFs allow depository institutions in the U.S. to offer deposit and loan services to foreign residents and institutions.  ( 19 min )

After registering their biggest one-day drop in more than three months, 30-year mortgage rates climbed higher, again approaching their recent 22-year peak.  ( 19 min )

Demand for pizzas helped drive sales at Casey's General Stores and its shares hit a record high Tuesday. Profit was up 11% from the year-ago quarter and a third higher than analysts' estimates.  ( 17 min )

Financial services giant Franklin Templeton filed for a spot bitcoin ETF with the SEC on Tuesday, joining BlackRock and Fidelity.  ( 19 min )

Exchange-traded funds have a number of characteristics that make them attractive to young investors, from liquidity to low fees.  ( 22 min )

A clearance certificate verifies that an entity has paid all its tax liabilities when it ceased to exist or was transferred to a new owner.  ( 19 min )

Debt/EBITDA is a ratio measuring the amount of earnings that is available to pay down debt before deducting interest, taxes, depreciation, and amortization.  ( 21 min )

More U.S. workers than ever have college degrees—but the tide could be turning against higher education in the workplace.  ( 18 min )

The S&P 500 and Nasdaq both dropped at midday on Tuesday, Sept. 12, 2023, as oil prices rose to their highest level this year.  ( 16 min )

The Surface Transportation Board (STB) is a federal agency that regulates financial aspects of surface transportation, primarily freight rail.  ( 23 min )

The White House now has 15 companies committed to its AI standards, which include disclosure of AI-generated content, sharing vulnerabilities, and committing to external testing before releasing products.  ( 18 min )

Oracle was the worst-performing stock in the S&P 500 after the software maker reported lower-than-expected revenue and guidance as businesses pulled back on cloud spending following the pandemic boom.  ( 17 min )

GlobalFoundries opened a $4 billion fabrication plant in Singapore to expand capacity in anticipation of a rise in demand for semiconductor chips.  ( 17 min )

If you spent more at the gas pump—and less everywhere else—in August, you’re not alone.  ( 17 min )

The basic assumption of the law of demand concludes that there is a negative correlation between the quantity demanded and price.  ( 19 min )

Reliance on income taxes versus consumption taxes is one big difference between U.S. revenue sources and those of other countries. Learn the options.  ( 22 min )

Magna cum laude is an honorific for a degree earned with great distinction. It means “with great praise” in Latin, and there’s no set grade point average (GPA) to get it.  ( 25 min )

Concerns about China's economic growth led to a massive shift into U.S. equities and away from emerging market stocks over the past month, according to Bank of America's latest survey of global fund managers.  ( 17 min )

The U.S.’s national debt is the running total of what the federal government owes creditors. The U.S. has always carried national debt and the total has been expanding rapidly since 2008.  ( 25 min )

Here are some of the biggest product liability suits that U.S. corporations have faced due to defective or dangerous products that they sold to consumers.  ( 22 min )

Understand the two different methods of calculating the expense ratio and find out how it can be used to compare insurance companies and analyze performance.  ( 20 min )

Floating stock is the result of subtracting closely-held shares from total shares outstanding to provide a narrower view of a company’s active shares.  ( 25 min )

WestRock stock jumped by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world's largest listed packaging company by revenue.  ( 18 min )

Credit unions and banks offer similar services, but they have some key differences in their profit models and offerings. Learn how to determine which is best for you.  ( 26 min )

Accelerated benefit riders allow policyholders to access death benefits in their life insurance policy while they are alive, under certain conditions.  ( 24 min )

Almost half of security chiefs plan to significantly raise security spending in the next year after companies lost $1 trillion in revenue due to related incidents in 2022.  ( 18 min )

A dove is an economic policy advisor who favors strategies that maintain low interest rates and other expansionary policies.  ( 24 min )

Apple is set to unveil its new iPhone 15 and Oracle shares plunge after it missed forward guidance expectations on revenue shortfalls in services and hardware. Here’s what investors need to know today.  ( 18 min )

Learn about Vanguard Group's unique ownership and how its structure benefits investors with low expense ratios.  ( 24 min )

Learn how unpaid internships affect student interns, employers, the labor force, and the economy as a whole.  ( 26 min )

The Americans with Disabilities Act prohibits discrimination against disabled people with respect to employment, transportation, and other services.  ( 23 min )

Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.  ( 23 min )

Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.  ( 21 min )

Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.  ( 21 min )

Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.  ( 26 min )

The People's Bank of China is the central bank of the People's Republic of China and is located in Beijing.  ( 21 min )

Here are some of the world’s top news companies, arranged in the decreasing order of the available market capitalization figures.  ( 24 min )

The global interconnection of U.S. payment systems makes commercial and financial transfers possible.  ( 26 min )

Relative purchasing power parity (RPPP) is the view that inflation differences between two countries will have an equal impact on their exchange rate.  ( 22 min )

Over-under bets, or total bets, are a wager that the point total for a game will be larger or smaller than a sportsbook predicts. Learn more about this type of gambling.  ( 25 min )

Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.  ( 21 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 20 min )

Het percentage internationale studenten dat in Nederland blijft werken nadat ze hun diploma hebben gehaald neemt toe. Vooral de technische studierichtingen leveren werkgelegenheid op, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel verstandig?  ( 4 min )

De iPhone 15 is niet meer op te laden met de Lightning-kabel van eerdere iPhones. Op de nieuwe telefoon gaat dat via USB-C. Dat kondigde Apple dinsdagavond aan tijdens de presentatie van nieuwe iPhones voor komend jaar.  ( 5 min )

Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel verstandig?  ( 4 min )

Betaal nooit als je wordt afgeperst door cybercriminelen, luidt het advies vaak. Daarmee maak je de misdaad lonend en blijft het probleem bestaan. Toch heeft de KNVB na een digitale inbraak afspraken gemaakt met Russische hackers. Is dat wel slim?  ( 4 min )

Een beveiligingsexpert heeft dit jaar een kwetsbaarheid gevonden in de software die in Nederland wordt gebruikt om stemmen te tellen. Daardoor was het in principe mogelijk om uitslagen te manipuleren, al is er geen bewijs dat dat is gebeurd.  ( 4 min )

Italië dreigt zijn positie als 's werelds grootste wijnproducent te verliezen. Dat komt door de dalende wijnproductie. Waarschijnlijk verovert Frankrijk voor het eerst in negen jaar de eerste plek.  ( 3 min )

Al zestien maanden op rij gaan er meer bedrijven op de fles dan een jaar eerder. In augustus was er zelfs een stijging van 80 procent vergeleken met vorig jaar. Is dit de start van een faillissementsgolf of valt het wel mee?  ( 3 min )

Leraren op basisscholen, middelbare scholen en in het speciaal onderwijs kunnen een loonsverhoging van 10 procent tegemoetzien. Vakbonden en werkgevers hebben dat na intensieve onderhandelingen met elkaar afgesproken, meldt de Algemene Onderwijsbond (AOb).  ( 3 min )

De Europese Commissie waarschuwt dat er meer geld nodig is om natuurrampen te bestrijden. De Europese pot voor noodhulp is al twee jaar op rij leeg geraakt, terwijl zulke rampen steeds vaker voorkomen.  ( 3 min )

Passagiers van Japan Airlines kunnen sinds kort een kledingpakket huren dat in Japan voor ze klaarligt, schrijft CNN. Zo hoeven vakantiegangers minder kilo's aan bagage mee te nemen, waardoor het vliegtuig minder brandstof verbruikt.  ( 3 min )

De winning van materialen voor oplaadbare batterijen, vooral gebruikt in elektrische auto's, gaat gepaard met "ernstige mensenrechtenschendingen" in de Democratische Republiek Congo. Volgens Amnesty International gaat het om onder meer seksueel geweld, brandstichting en mishandeling.  ( 3 min )

LG krijgt een boete van 8 miljoen euro van toezichthouder ACM. Het elektronicabedrijf maakte verboden prijsafspraken rond televisies en dreef de prijzen zo op.  ( 4 min )

Goksites doen nog te weinig om gokverslavingen tegen te gaan. De Kansspelautoriteit onderzocht tien aanbieders van online kansspelen in Nederland. Daaruit kwam naar voren dat ze te laat ingrijpen als gokkers buitensporig veel spelen via hun site.  ( 4 min )

De horeca verspilt 9,2 procent minder voedsel dan in 2019, het jaar voor de coronapandemie. Wij zijn benieuwd wat jij doet om voedselverspilling tegen te gaan. Deel je tips hier.  ( 2 min )

Het vliegverkeer in Europa is bijna weer op het niveau van voor de coronapandemie. In juli vlogen er nog 3 procent minder vliegtuigen dan in juli 2019, nog voor de corona-uitbraak.  ( 4 min )

De KNVB heeft afspraken gemaakt met de Russische cybercriminelen die in april hebben ingebroken in de systemen van de voetbalbond. Daarmee hoopt de organisatie te voorkomen dat eventuele buitgemaakte gegevens op straat komen te liggen.  ( 4 min )

LG krijgt een boete van 8 miljoen euro van toezichthouder ACM. Het elektronicabedrijf maakte verboden prijsafspraken rond televisies en dreef de prijzen zo op.  ( 4 min )

Goksites doen nog te weinig om gokverslavingen tegen te gaan. De Kansspelautoriteit onderzocht tien aanbieders van online kansspelen in Nederland. Daaruit kwam naar voren dat ze te laat ingrijpen als gokkers buitensporig veel spelen via hun site.  ( 4 min )

Door personeelstekorten wordt het onveilig op de werkvloer van het midden- en kleinbedrijf, waarschuwt de Nederlandse Vereniging voor Veiligheidskunde (NVVK). "Personeel staat steeds vaker voor de keuze om onveilig te werken, of om niet te werken."  ( 5 min )

Ook in de maand augustus zijn meer bedrijven failliet gegaan dan in dezelfde maand een jaar eerder. Vooral bij transportbedrijven is een toename te zien. De faillissementen in die sector volgen op een kwartaal met een dalende omzet.  ( 3 min )

De Consumentenbond begint een rechtszaak tegen Google. Volgens de organisatie is de manier waarop het techbedrijf gegevens van gebruikers verzamelt in strijd met de privacyregels.  ( 3 min )

Het budget van het Internationale Rode Kruiscomité (ICRC) gaat volgend jaar met ongeveer 13 procent omlaag, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd.  ( 4 min )

De Consumentenbond begint een rechtszaak tegen Google. Volgens de organisatie is de manier waarop het techbedrijf gegevens van mensen verzamelt in strijd met de privacyregels.  ( 3 min )

Walgreens Boots Alliance is teaming with health technology firm Pearl Health to expand its reach into providing primary care services.  ( 1 min )

Microsoft is offering the first credit card aimed at helping Xbox gamers earn rewards they can use toward games and other downloads.  ( 1 min )

Demand for pizzas helped drive sales at Casey's General Stores and its shares hit a record high Tuesday. Profit was up 11% from the year-ago quarter and a third higher than analysts' estimates.  ( 1 min )

GlobalFoundries opened a $4 billion fabrication plant in Singapore to expand capacity in anticipation of a rise in demand for semiconductor chips.  ( 1 min )

WestRock stock jumped by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world's largest listed packaging company by revenue.  ( 1 min )

Moderna and German biotech firm Immatics announced an agreement to work on development of vaccines and treatments for cancer using the science behind Moderna’s COVID-19 shots.  ( 1 min )

Pratt & Whitney parent RTX said it will take a $3 billion charge as it inspects Pratt & Whitney engines.  ( 1 min )

Low-cost carrier JetBlue Airlines on Monday offered to sell off Spirt Airlines' assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.  ( 1 min )

Disney restored ESPN, ABC, and other content to Charter Communication’s Spectrum cable after a 10-day blackout following a deal that saw Spectrum customers get access to Disney streaming services.  ( 1 min )

Taiwan Semiconductor's board has approved an investment of up to $100 million in the hit IPO of U.K.-based chipmaker Arm.  ( 1 min )

Concerns about China's economic growth led to a massive shift into U.S. equities and away from emerging market stocks over the past month, according to Bank of America's latest survey of global fund managers.  ( 1 min )

The S&P 500 and Nasdaq both dropped at midday on Tuesday, Sept. 12, 2023, as oil prices rose to their highest level this year.  ( 1 min )

Apple is set to unveil its new iPhone 15 and Oracle shares plunge after it missed forward guidance expectations on revenue shortfalls in services and hardware. Here’s what investors need to know today.  ( 1 min )

U.S. equities gained on Monday, Sept. 11, 2023, with the S&P 500 Index rising 0.7%, amid expectations Fed policymakers might not raise interest rates at their meeting next week.  ( 1 min )

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The union has proposed a mid-30% wage increase, down from an initial demand of at least 40%.  ( 27 min )

Everyone likes a winner, and it’s only natural to gravitate toward them, but the stock market offers a unique twist on that process. That is because the biggest opportunities are often found among the losers, or more precisely, the stocks that have been beaten-down for one reason or another. The interesting part is that in the stock market, these losers can quickly become winners, and those who were bold enough to pick up equities at depressed levels when they looked down and out will, in the en  ( 34 min )

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Today's best CD rate is 6.00% from American 1 Credit Union, with available jumbo rates of 5.85% from One America Bank and 5.80% from both Finworth and All In Credit Union.  ( 20 min )

Crypto markets dropped sharply on Monday, with bitcoin’s price dipping below $25,000.  ( 31 min )

Pratt & Whitney parent RTX said it will take a $3 billion charge as it inspects Pratt & Whitney engines.  ( 17 min )

The CEO of the nation's largest bank called a US proposal requiring banks to bolster their capital buffers 'hugely disappointing.'  ( 34 min )

J.M. Smucker CEO told Yahoo Finance why the two snack giants will make the perfect combo.  ( 34 min )

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(Bloomberg) -- Oracle Corp. reported cloud sales growth that slowed in the quarter, dimming enthusiasm about the software maker’s expansion efforts in competitive market. The shares declined about 5% in extended trading.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%:  ( 32 min )

Oracle narrowly missed market expectations for first-quarter revenue on Monday, as companies pared back spending on cloud services due to an uncertain economic outlook. Revenue for the quarter stood at $12.45 billion, slightly below analysts' estimates of $12.47 billion, according to LSEG data.  ( 31 min )

GM presented a counteroffer to the UAW Thursday that offers a 10% wage increase across the life of the contract and other gains. The UAW rejects it.  ( 34 min )

Wall Street stocks jumped early Monday, as upbeat Chinese data and comments from Janet Yellen fueled hopes for the world's two biggest economies.  ( 32 min )

No, employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.  ( 24 min )

The Federal Reserve is done raising interest rates and will likely cut them by roughly one percentage point next year, according to chief economists at some of North America’s largest banks.  ( 32 min )

When I retired in September 2022, my 401(k) was invested aggressively (90/10 split between stocks to bonds) and lost approximately 30%. I left the 401(k) invested in mutual funds in hopes it would gain back some of the losses. A year later it has gained back approximately 20%. I'm not required to take RMDs for […] The post Ask an Advisor: I’m 5 Years Away From RMDs But Recently Lost 30% of My 401(k). Should I Stay Aggressive to Regain My Losses or Rebalance? appeared first on SmartReads by Smart  ( 33 min )

Tesla shares have surged after a Wall Street bank predicted that the electric car company’s value would rise above $1.2 trillion (£958bn) because of investments in an artificial intelligence supercomputer.  ( 32 min )

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Eli Lilly’s success with weight-loss drugs has led to a big market cap. The pharma giant’s stock rose 1.6% on Monday afternoon, putting Lilly on track for a new all-time high dating back to 1972. Lilly, which [reported just under a billion dollars in second-quarter revenue](https://www.wsj.com/liv  ( 22 min )

Charlotte-based Truist's plan includes reducing about $750 million in costs over the next few quarters.  ( 21 min )

Deutsche Bank Research analyst Steve Powers upgraded Kenvue to Buy from Hold over the weekend.  ( 23 min )

(Bloomberg) -- Citizens Financial Group Inc. Chief Financial Officer John Woods vowed the company won’t do deals that require it to book losses as it looks to reduce a $13.7 billion portfolio of unwanted loans.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayMeloni Tells China That Italy Plans to Exit Belt and RoadIndia’s G-20 Win Shows US Learning How to Counter China RiseTes  ( 32 min )

The benchmark U.S. 10-year Treasury note yield has peaked in the current cycle, according to a majority of bond strategists polled by Reuters, although most said their conviction around that prediction was weak. Despite yields rising over the past few months, analysts in a Reuters Sept. 5-11 poll held on to their predictions that sovereign yields will drop over the coming year, suggesting the recent sell-off in the bond market was mostly over. Roughly the same group of strategists said the same thing last month, about two weeks before the benchmark U.S. yield hit a near-16 year high of 4.37%.  ( 32 min )

September has generally been described as a difficult month for the stock market. This trend dates back almost 100 years and is sometimes attributed to investors making changes to their portfolios by taking profits as summer ends. This year, the post-Labor Day holiday week began in dour fashion for several real estate investment trusts (REITs) as a slew of analyst downgrades hit the wires shortly before the opening bell on Sept. 5. Take a look at five downgrades that negatively impacted the REIT  ( 34 min )

(Bloomberg) -- The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayMeloni Tells China That Italy Plans to Exit Belt and RoadIndia’s G-20 Win Shows US Learning How to Counter China RiseTesla and China Risk Leaving Volkswagen on a Road to NowhereWith equities in the “recovery” pha  ( 32 min )

In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure but also experienced substantial growth. It is now estimated at approximately $400 million. “We made unholy good returns for a long, long time,” Munger said. “That $8  ( 33 min )

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Labor negotiations are always a face-off: the union vs. the company, wages, benefits, and working conditions vs. profits.  ( 22 min )

September is traditionally known to be a challenging month for the stock market, with historical data showing it is usually the worst month of the year for stocks. However, when considering year-to-date activity, J.P. Morgan’s Global Investment Strategist, Madison Faller, points out that this may not be the case this year. “A closer look shows that in the 10 times since 1950 that the S&P 500 has been up at least 10% year-to-date and it’s been down in August (just like this year), September has b  ( 35 min )

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The stock market currently has too rosy an outlook on the Fed's interest rate path, according to Oppenheimer's Chief Investment Strategist John Stoltzfus.  ( 33 min )

Citi analysts see near-term upside for Microsoft stock in artificial intelligence, and beyond. Shares can rise another 26%, they reckon.  ( 22 min )

To find the best deals on CDs, shop for one that combines the best CD rates, a term that matches your savings goal, and a minimum deposit that fits your budget.  ( 34 min )

A lawsuit in North Carolina says a man is unable to pay his mortgage because Wells Fargo mistakenly froze his account. It points to a bigger problem in banking.  ( 23 min )

Shares of Walgreens Boots Alliance continued their run downward Monday, putting them on pace for their lowest close since 2009. The stock, recently off more than 1%, was on track to fall for a seventh straight session for the first time since September. It's down some 15% during the latest seven-da  ( 22 min )

"We want to buy the best businesses in the world."  ( 32 min )

I'm 64. I just inherited $50,000. I'm leary of investing it in stocks as I took a bath after 9/11 and saw my $70,000 401(k) cut in half. I have been looking at high-interest savings in digital banks such as … Continue reading → The post Ask an Advisor: I'm 64 and Received a $50K Inheritance But I ‘Took a Bath' in the Stock Market Once Before. Should I Put It Into High-Yield Savings? appeared first on SmartAsset Blog.  ( 33 min )

The company said it would cost up to $7 billion to repair Pratt engines and compensate airlines for fixes that will ground more than 600 Airbus jets in 2024.  ( 26 min )

Two longtime insiders are getting new assignments in key Goldman divisions as the Wall Street giant navigates a series of challenges.  ( 33 min )

David Tolley, WeWork's interim CEO, said the company's current lease liabilities remain too high and "are dramatically out of step with current market conditions."  ( 18 min )

One day after hitting a new 22-year high, 30-year mortgage rates retreated dramatically, registering their biggest rate drop in more than three months.  ( 19 min )

Creating passive income streams can be a stepping-stone to building wealth, with minimal ongoing investment of time or money. There are different ways to generate income passively that require varying degrees of effort to establish. If you're interested in how to invest $200,00 for monthly income, it helps to understand what options you have and […] The post How to Invest $200K for Monthly Income appeared first on SmartReads by SmartAsset.  ( 34 min )

Deciding when to take Social Security benefits is one of the most important questions to answer in planning your retirement strategy. Second to that is understanding what might increase-or reduce-your benefit amount. Does retirement income count as income for Social Security? No, but working while claiming benefits could shrink the amount that you're able to […] The post Does Retirement Income Count as Income for Social Security? appeared first on SmartReads by SmartAsset.  ( 34 min )

Instacart’s much-anticipated IPO officially kicked off Monday, as the grocery delivery company revealed the price it hopes to fetch for its stock in a regulatory filing. The San Francisco company and selling shareholders are aiming to sell 22 million shares at $26 to $28 apiece, raising $572 millio  ( 23 min )

The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year.  ( 30 min )

Broadcom director Check Kian Low just bought $9.6 million of shares of the chip maker on the open market.  ( 23 min )

(Bloomberg) -- SoFi Technologies Inc.’s effort to transition from upstart fintech firm to the big leagues of financial institutions will face an important step possibly as soon as next week when the company helps take Instacart Inc. public.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy  ( 33 min )

The sale caps a remarkable turnaround for Hostess, which has been through two Chapter 11 bankruptcies.  ( 27 min )

(Bloomberg) -- RTX Corp.’s plan to address the latest flaw in its marquee commercial jet engine will ground hundreds of Airbus SE A320neo aircraft over the next three years, a fresh source of disruption to global airlines’ post-pandemic recovery.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That  ( 33 min )

Stock in J.M. Smucker is falling Monday, after the snack giant agreed to buy Twinkies owner Hostess Brands. The cash-and-stock deal, previously reported by The Wall Street Journal, values Hostess at $5.6 billion inc  ( 22 min )

US futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.  ( 32 min )

Recent hiccups probably won’t derail the firm’s restructuring, but the stock could struggle without further concrete signs of progress—and a healthier China.  ( 26 min )

Chip maker Qualcomm will supply Apple with 5G chips for smartphone launches in 2024, 2025, and 2026. Its stock is reversing recent declines.  ( 23 min )

The aerospace company announces it will take a $3 billion charge in the third quarter to reflect the costs of fixing some parts on its geared turbofan that powers A320 jets.  ( 22 min )

Tech stocks tumbled last week, led lower by shares in Apple. But now the tech giant's stock is rising to start a new trading week.  ( 23 min )

J.M. Smucker is buying Hostess for $34.25 a share.  ( 22 min )

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Shares of RTX were down more than 3% in premarket trading after the company said its profit would take a hit of up to $3.5 billion from the recall of hundreds of Pratt & Whitney jet engines over th  ( 22 min )

The aerospace company announces it will take a $3 billion charge in the third quarter to reflect the costs of fixing some parts on its geared turbofan that powers A320 jets.  ( 22 min )

Shares in London-listed drugmaker AstraZeneca declined as much as 3.6% on Monday, falling to their lowest since July 19. Traders attributed the move to a report in the Mail on Sunday newspaper saying the drugmaker'sChief Executive Pascal Soriot had said privately to friends and advisers that he may leave the company as soon as next year. Reuters could not independently verify the information.  ( 31 min )

Shares of Arlington-based RTX Corp. were down in premarket trading Monday after the company announced that it will take $3 billion pretax charge this quarter tied to its recent disclosure of a rare defect in powdered metal used to make jet engines.  ( 18 min )

“It’s messed up. But no way around it.”  ( 32 min )

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Chip maker Qualcomm will supply Apple with 5G chips for smartphone launches in 2024, 2025, and 2026. Its stock is reversing recent declines.  ( 23 min )

FuelCell posts a fiscal third-quarter loss of 6 cents a share on revenue of $25.5 million.  ( 22 min )

↗️ Tesla (TLSA): Shares in the electric carmaker rose more than 6% in premarket trading. Morgan Stanley analysts upgraded Tesla’s stock to “buy” from “hold,” citing its efforts to [develop an inhouse supercomputer](https://www.wsj.com/livecoverage/s  ( 23 min )

Truist Financial Corp is planning "sizable reductions" to its workforce from the third quarter of 2023 to the first quarter of next year to trim costs, the bank disclosed in a regulatory filing on Monday. The layoffs, part of a larger cost savings program, are expected to save $300 million. Truist, in a presentation to investors, added expense growth in 2024 will be significantly lower than 2023.  ( 31 min )

US futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.  ( 32 min )

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Tesla shares climbed on an analyst upgrade over its AI supercomputer and Hostess shares surged on a potential sale to J.M. Smucker in a merger of snack makers. Here’s what investors need to know today.  ( 18 min )

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Tech stocks tumbled last week, led lower by shares in Apple. But now the tech giant's stock is rising to start a new trading week.  ( 23 min )

Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.  ( 34 min )

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Shares of Hostess Brands jump as J.M. Smucker, the food company famous for jams and jellies, is nearing an acquisition of the Twinkies maker for about $4 billion, according to a report from The Wall Street Journal.  ( 22 min )

The face off that starts Tuesday is the most significant antitrust challenge to a tech giant since the Justice Department went after Microsoft 25 years ago.  ( 36 min )

At least the interest rate outlook has become clearer for tech investors.  ( 33 min )

Competitive yields are tough to find in the stock market these days. For investors who aren’t averse to risk, business development companies offer an exception.  ( 26 min )

Oil prices are at their highest level this year.  ( 26 min )

China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure. Companies that need to purchase $50 million or more will now need approval from the People's Bank of China (PBOC), which convened a meeting with some commercial banks over the weekend on the matter, the sources said. The directive is being issued as the Chinese yuan has declined by about 6% against the U.S. dollar so far this year, falling to levels that were last seen during the 2008 global financial crisis.  ( 31 min )

Shares of Tesla are upgraded to Buy from Hold at Morgan Stanley, Alibaba CEO Daniel Zhang is stepping down as head of the company's cloud business, and a report says J.M. Smucker is nearing a deal to buy Hostess Brands for about $4 billion.  ( 23 min )

(Bloomberg) -- Investors should focus on a “late-cycle portfolio” of defensive stocks, industrials and energy, according to Morgan Stanley strategists led by Michael Wilson.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesThe Mighty American Consumer Is About to Hit a  ( 32 min )

Daniel Zhang was due to stand down as CEO on Sunday to focus on the cloud unit, which is set to be spun off as the company separates into six parts.  ( 23 min )

(Bloomberg) -- The recent pullback in US stocks has further to go, according to Wall Street’s most bullish strategist.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven Brief UAW Strike Seen Causing Billions in US Economic Damage“Bullishness is relatively high while  ( 32 min )

Tesla started production of Dojo in July and plans to spend more than $1 billion through next year. Dojo can open up new addressable markets that "extend well beyond selling vehicles at a fixed price," Morgan Stanley analysts, led by Adam Jonas, said in a note published on Sunday.  ( 32 min )

Morgan Stanley analyst Adam Jonas upgraded shares of Tesla to Buy from Hold, Sunday. His price target went to a Street high of $400 a share. He calls Tesla his top pick.  ( 22 min )

Company flight patterns suggest CEO Calhoun travels infrequently to headquarters from two distant homes, while CFO West occupies a new office five minutes from his Connecticut doorstep.  ( 24 min )

The current focus for EUR/USD has returned to the relative difference between the U.S and European economies, thus ruling out a near- and medium-term scenario of a decline in the dollar index, XS.com said.  ( 24 min )

(Bloomberg) -- China’s deflationary pressures eased slightly and data expected this week may show a pickup in credit demand, adding to a recent trickle of signs the nation’s economy is stabilizing. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto  ( 32 min )

Higher yields and 'duration' math mean further losses, if any, could be much smaller than those investors have already weathered.  ( 23 min )

(Bloomberg) -- The yuan climbed from a 16-year low as China started the week on the offense, sending another forceful signal with the reference rate for the managed currency and urging state banks to support it.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of F  ( 32 min )

The company reports August quarter results Monday. The heart of the story remains the boost to its cloud computing business from AI workloads.  ( 22 min )

Gold prices rose on Monday, supported by a retreat in the dollar as investors looked forward to U.S. inflation data that could define the Federal Reserve's moves on interest rates. Spot gold gained 0.3% to $1,922.89 per ounce by 0313 GMT, having lost 1% in the previous week. Gold should be supported above the $1,900 level if we see the U.S. dollar continue to decline on bets that the Fed are indeed done with their tightening cycle, and the potential for them to cut rates sooner than anticipated, said Matt Simpson, a senior analyst at City Index.  ( 32 min )

(Bloomberg) -- Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Cr  ( 32 min )

(Bloomberg) -- Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven Brief UAW Strike Se  ( 32 min )

A purchase marrying the Twinkies owner with the jelly maker could be finalized by Monday.  ( 27 min )

The Hong Kong-listed shares of China's Alibaba Group fell more than 4% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud computing business. The company announced Zhang's decision to depart the unit in an internal letter to staff seen by Reuters. Zhang had been scheduled to hand over the role of group CEO to Eddie Wu on Sunday.  ( 31 min )

There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.  ( 33 min )

J.M. Smucker is nearing an agreement to buy Twinkies maker Hostess Brands, in a deal that would likely be in the neighbourhood of $4 billion, the Wall Street Journal reported on Sunday, citing sources. Both companies did not immediately respond to Reuters' request for comments outside regular business hours.  ( 31 min )

(Bloomberg) -- Arm Holdings Ltd. is considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year, according to people familiar with the matter.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Econ  ( 30 min )

Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve's next likely moves on interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains. Australian shares and Japan's Nikkei stock index both lost 0.25%.  ( 32 min )

(Bloomberg) -- Asian equities may struggle to find traction Monday in a cautious open to trading around the region, while in currency markets the yen was on the front foot following potentially hawkish remarks for the Bank of Japan governor.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11  ( 33 min )

Abbott Cooper said the embattled bank needs a cash infusion from George Norcross and his group of activist investors, who he said would be hurt financially if Republic First collapses.  ( 24 min )

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The yen strengthened on Monday as comments from Bank of Japan (BOJ) Governor Kazuo Ueda stoked hopes that Japan could soon herald a new era away from negative rates, while the dollar was on the back foot ahead of this week's U.S. inflation reading. The Japanese currency rose nearly 0.8% at one point to touch a session-high of 146.66 per dollar in early Asia trade, boosted by weekend comments from Ueda that the central bank could end its negative interest rate policy when achievement of its 2% inflation target is in sight. Ueda told the Yomiuri newspaper in an interview that the BOJ could have enough data by year-end to determine whether it can end negative rates.  ( 33 min )

Oil prices eased in early Asian trade on Monday as economic concerns in China weighed on fuel demand outlook although Brent stayed perched above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts. Brent crude fell 49 cents, or 0.5%, to $90.16 a barrel by 0022 GMT while U.S. West Texas Intermediate crude was at $86.77 a barrel, down 74 cents, or 0.9%. Both contracts gained in the past two consecutive weeks with Brent settling at its highest since November on Friday, after Saudi Arabia and Russia announced last week they will extend voluntary supply cuts of a combined 1.3 million barrels per day until the end of the year.  ( 31 min )

(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceEven Brief UAW Strike Seen Causing Bill  ( 33 min )

The maturity date is when a debt comes due and all principal and/or interest must be repaid to creditors.  ( 24 min )

Today's best CD rate is 6.00% from American 1 Credit Union, with available jumbo rates of 5.85% from One America Bank and 5.80% from both Finworth and All In Credit Union.  ( 18 min )

Sole proprietor business insurance costs, on average, $1,483 per year, $1,191 for general liability only, and $717 for a BOP. Here’s how to find the best deal.  ( 21 min )

Betterment and Schwab Intelligent Portfolios have created solid offerings, but Schwab Intelligent Portfolios has lower fees, putting them on top for the win.  ( 26 min )

Low-cost carrier JetBlue Airlines on Monday offered to sell off Spirit Airlines' assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.  ( 18 min )

Moderna and German biotech firm Immatics announced an agreement to work on development of vaccines and treatments for cancer using the science behind Moderna’s COVID-19 shots.  ( 17 min )

U.S. equities gained on Monday, Sept. 11, 2023, with the S&P 500 Index rising 0.7%, amid expectations Fed policymakers might not raise interest rates at their meeting next week.  ( 18 min )

You might be better off playing roulette if you don't understand the risks of investing in Russia.  ( 28 min )

Learn more about the available options that CareCredit offers to pay for out-of-pocket medical procedures with little to no interest.  ( 22 min )

Pratt & Whitney parent RTX said it will take a $3 billion charge as it inspects Pratt & Whitney engines.  ( 17 min )

On the surface, Betterment and Fidelity Go share many similarities. However, there are some key differences between Betterment and Fidelity Go that will help you choose the best fit for your money.  ( 27 min )

Personal loan rates continued their decline this week, falling to 20.94%, losing just 2 basis points since last week when the average personal loan rate sat at 20.96%.  ( 18 min )

Disney restored ESPN, ABC, and other content to Charter Communication’s Spectrum cable after a 10-day blackout following a deal that saw Spectrum customers get access to Disney streaming services.  ( 18 min )

No, employer match does not count towards 401(k) limit, however, the IRS does limit total contribution from both the employer and the employee combined.  ( 24 min )

The New York Federal Reserve Bank’s August 2023 Survey of Consumer Expectations asked about 1,300 households about their expectations for inflation, job prospects, earnings, and spending.  ( 17 min )

A business is bonded if it has a surety bond, a legal contract whereby a surety company assumes liability for a debt or other obligation one business owes to another.  ( 24 min )

The income effect and the price effect are both economic concepts that help analysts, economists, and business professionals understand economic trends. Learn the differences between the two and how they can influence financial analysis.  ( 20 min )

Paul Samuelson was an economics professor at MIT who received the Nobel Prize in 1970 for his contributions to the field.  ( 20 min )

The dividend growth rate is the annualized percentage rate of growth of a particular stock's dividend over time.  ( 24 min )

Avantax, a tax-focused financial planning and wealth management, has agreed to be acquired by financial advisor wealth hub, Cetera, in a deal valued at $1.2 billion.  ( 18 min )

Bank ratings are grades provided to the public by government agencies and private companies to predict the safety and soundness of financial institutions.  ( 23 min )

Qualcomm shares jumped more than 4% after the company said it expects to provide 20% of Apple's smartphone chipsets into 2026 as the iPhone-maker pushes back plans for in-house modem production.  ( 17 min )

U.S. equities rose at midday on Monday, Sept. 11, 2023, amid expectations Fed policymakers might not raise interest rates at their meeting next week.  ( 17 min )

Smucker, the maker of its namesake jellies, Folgers coffee and other food products, said it would be paying $34.25 per share in cash and stock for Hostess,  ( 17 min )

The U.S. government's latest antitrust case against Google could be the biggest in decades, drawing parallels to its showdown with Microsoft in the 1990s, with the potential to drastically alter the internet search market.  ( 19 min )

Instacart filed for its much-anticipated initial public offering, which could value the online grocery delivery firm at as much as $9.3 billion.  ( 17 min )

One day after hitting a new 22-year high, 30-year mortgage rates retreated dramatically, registering their biggest rate drop in more than three months.  ( 19 min )

Katie Stockton, founder and managing partner of Fairlead Strategies, climbs back aboard The Express to share what the most important charts and indicators in the stock market are telling us right now.  ( 16 min )

The Edgeworth Price Cycle is a pattern of price adjustments that results from competition between businesses offering commodified products.  ( 19 min )

Former Alibaba CEO Daniel Zhang is stepping down from leading its cloud division just two months after announcing he would focus on it, raising concerns about its coming IPO.  ( 17 min )

Boeing on Monday said it would sell 50 737-8 Max jets to Vietnam Airlines, a deal valued at $7.8 billion, according to the White House.  ( 18 min )

Landing a position after the pandemic requires adaptability, whether it’s looking to a new industry or mastering the art of the Zoom interview.  ( 26 min )

The Federal Reserve report on consumer credit showed that in July, revolving credit grew $9.6 billion, mostly in credit card debt, while consumers also added another $773 million for auto loans and other non-revolving debts.  ( 17 min )

The FDIC, one of the federal regulators responsible for overseeing banks, admitted some of its shortcomings contributed to the second-largest bank collapse in U.S. history earlier this year.  ( 18 min )

Some experts say the stock market today may be just as vulnerable to a major disruption as on Sept. 11, 2001.  ( 22 min )

The U.S. economy made great strides after Sept. 11, 2021, but some experts believe that the American economy shows its aftereffects to this day.  ( 24 min )

Tesla shares climbed on an analyst upgrade over its AI supercomputer and Hostess shares surged on a potential sale to J.M. Smucker in a merger of snack makers. Here’s what investors need to know today.  ( 18 min )

Learn about the differences between the banking industry and the financial services sector and how to distinguish financial goods from financial services.  ( 23 min )

The 3-6-3 rule is a slang term that refers to an unofficial practice in the banking industry in the 1950s, 1960s, and 1970s that was the result of non-competitive and simplistic conditions in the industry.  ( 18 min )

A home insurance inspection may be necessary when buying a home. Learn what one involves and how to prepare for it.  ( 21 min )

Quants use computer algorithms based on mathematical models to identify profitable trading opportunities. Learn how much quants make and what they do.  ( 24 min )

A month-to-month tenancy is categorized as a periodic tenancy in which the tenant rents from the property owner one month at a time.  ( 21 min )

A warehouser's liability form is a document that describes the obligations of a storage facility toward its customers.  ( 19 min )

Voluntary life insurance, an optional benefit often offered by employers, is a plan that provides a cash benefit upon the death of the insured.  ( 22 min )

Voluntary accidental death and dismemberment insurance (VAD&D) pays cash in the event the policyholder is killed or loses a specific body part.  ( 21 min )

Weighted average shares takes into account fluctuations over time in a company's number of outstanding shares.  ( 22 min )

Channeling is a commercial insurance policy, which insures employees and affiliated personnel under one policy.  ( 18 min )

In 2014, Warren Buffett announced that he would give whoever could correctly guess every game of the NCAA men’s basketball tournament $1 million a year for life. What are the odds that someone could win the challenge?  ( 24 min )

Learn about flexible spending accounts (FSAs), and understand the medical expenses on which an individual cannot use FSA funds, such as teeth whitening.  ( 21 min )

Here's a look at considerations for retirees who want to lease or buy a new car, including safety, warranties, and tax deductions.  ( 22 min )

Ruim één op de drie online platformen zoals bol.com, Marktplaats en Amazon gebruikt algoritmes om bezoekers te helpen of hun aankoop zelfs te sturen. Minder dan de helft van al deze websites is eerlijk over hoe hun systemen werken.  ( 4 min )

Het budget van het Internationale Rode Kruiscomité (ICRC) wordt volgend jaar met ongeveer 13 procent verlaagd, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd. Het ICRC is een onderdeel van de Rode Kruisbeweging en staat los van bijvoorbeeld het Nederlandse Rode Kruis.  ( 4 min )

Het budget van het Rode Kruis wordt volgend jaar met ongeveer 13 procent verlaagd, zegt directeur Robert Mardini. Dat komt doordat grote donoren zoals de Verenigde Staten de financiering hebben verlaagd.  ( 4 min )

De Rabobank heeft zijn variabele tarieven voor spaarders verhoogd. Spaarders die tot 20.000 euro bij de bank hebben staan, ontvangen daar vanaf maandag 1,7 procent rente over. Dat was eerst 1,5 procent.  ( 3 min )

Ruim 5 procent van de Nederlanders had vorig jaar niet genoeg geld om het huis warm te houden. Dat is een op de twintig huishoudens. Dat meldt het Europese statistiekbureau Eurostat maandag.  ( 3 min )

Nederlandse spaarbanken bieden in Duitsland vaak fors hogere rentes aan dan aan spaarders in Nederland. In België liggen de spaarrentes juist veel lager dan bij ons.  ( 4 min )

De Europese Commissie heeft de verwachte economische groei van Nederland flink naar beneden bijgesteld voor dit jaar. Door de hoge inflatie in het eerste half jaar hebben huishoudens minder te besteden dan eerder gedacht. Tegelijkertijd liep de export terug.  ( 4 min )

Na jaren van ongebreidelde groei trekt betaalbedrijf Mollie nu aan de rem. Er zullen ontslagen vallen, zegt oprichter Adriaan Mol tegen FD.  ( 3 min )

De horeca gooit nu 9,2 procent minder voedsel weg dan in 2019, het jaar voor de coronapandemie. Maar het weggegooide eten is nog altijd goed voor bijna 6 procent van de omzet, blijkt uit onderzoek van de Rabobank.  ( 4 min )

De A12 is vandaag weer het strijdtoneel van de klimaatactivisten van Extinction Rebellion. Dit soort acties winnen aan populariteit in Nederland, zien experts. Kritisch burgerschap en activisme zitten in de lift. "Er is veel om ontevreden over te zijn."  ( 5 min )

Ondanks de grote populariteit van fatbikes onder dieven, schrikt dat de eerlijke koper niet af, blijkt uit een rondgang van NU.nl onder fietsenwinkels. Wel is de consument bij de aanschaf steeds geïnteresseerder in hoe je de fatbike het best beschermt.  ( 5 min )

Veel winkeliers hebben nog steeds veel moeite om genoeg medewerkers te vinden. Zo bleek uit een recente peiling van vereniging INretail dat 60 procent van de retailers zijn personele bezetting niet rondkrijgt. Ook de horeca heeft grote problemen.  ( 5 min )

Avantax, a tax-focused financial planning and wealth management, has agreed to be acquired by financial advisor wealth hub, Cetera, in a deal valued at $1.2 billion.  ( 1 min )

Qualcomm shares jumped more than 4% after the company said it expects to provide 20% of Apple's smartphone chipsets into 2026 as the iPhone-maker pushes back plans for in-house modem production.  ( 1 min )

Boeing on Monday said it would sell 50 737-8 Max jets to Vietnam Airlines, a deal valued at $7.8 billion, according to the White House.  ( 1 min )

U.S. equities rose at midday on Monday, Sept. 11, 2023, amid expectations Fed policymakers might not raise interest rates at their meeting next week.  ( 1 min )

Tesla shares climbed on an analyst upgrade over its AI supercomputer and Hostess shares surged on a potential sale to J.M. Smucker in a merger of snack makers. Here’s what investors need to know today.  ( 1 min )

U.S. Treasury bills (T-bills) are sold at auction, typically at a discount from their par value. The maturity length and the discount are used to determine the interest rate.  ( 21 min )

The Automated Clearing House (ACH) is an electronic funds-transfer system run by the former National Automated Clearing House Association (NACHA), now known as Nacha.  ( 24 min )

Find out how factor endowments – namely labor, land and capital – affect a country's comparative advantage and how that advantage can change over time.  ( 22 min )

Learn how most financial institutions calculate interest on lines of credit by using the average daily balance method and periodic rates.  ( 20 min )

Here is a brief intro to the complex U.S. tax rules governing call and put options with examples of some common scenarios.  ( 25 min )

Look-through earnings are based on the concept that a firm's value is ultimately determined by how retained earnings are invested in future years by the firm to produce more earnings.  ( 24 min )

Freeganism is an alternative philosophy of living, based on minimal participation in capitalism and limited consumption of resources.  ( 21 min )

Economic justice is a concept aimed at providing avenues to financial prosperity to individuals who have been marginalized in an economy.  ( 22 min )

The employment-to-population ratio measures the number of workers currently employed against the total working-age population of a region.  ( 21 min )

A market economy is a system of voluntary economic exchanges guided by the decisions of many private individuals rather than government orders.  ( 22 min )

Chicago School is an economic school of thought founded in the 1930s that promoted the virtues of free-market principles to better society.  ( 19 min )

The base effect is the effect that the choice of a reference point when comparing two data points can have on the result of the comparison.  ( 20 min )

Read about the two-way correlation between the total amount of money circulating in the economy and gross domestic product (GDP).  ( 20 min )

Reloading is the practice of taking out a new loan to pay off an existing loan, obtain a lower interest rate, or consolidate debt. Learn how reloading works.  ( 22 min )

Condemnation is when a government orders a dwelling, building, or other property to be vacated and kept vacant.  ( 24 min )

A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate.  ( 19 min )

Hyperinflation can make a $1,000 bill look like chump change.  ( 19 min )

Here's how dividend stocks can make you rich, but you have to be patient.  ( 21 min )

A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another.  ( 19 min )

An economic shock is an event that occurs outside of an economic model that produces a significant change within an economy.  ( 21 min )

The statutory debt limit, also called the debt ceiling, is the limit to the amount that the U.S. Treasury can borrow to meet its obligations. Learn how it works.  ( 24 min )

The Balassa-Samuelson Effect is a pattern wherein countries with high productivity and wage growth also experience higher real exchange rates.  ( 19 min )

A BRIC ETF is an exchange-traded fund (ETF) invested in securities from Brazil, Russia, India, and China.  ( 26 min )

Investing in startups is a very risky business but can reward investors greatly if and when they do pay off.  ( 24 min )

The gambler's fallacy is an erroneous belief that a random event is less or more likely to happen based on the results from a previous series of events.  ( 23 min )

Student loan debt reached $1.63 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.  ( 26 min )

Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management.  ( 22 min )

The financial crisis of 2008 and the Great Recession that followed is still fresh in many investors' memories. Learn about investing during times like these.  ( 22 min )

Locus Sigilli, Latin for the place of the seal, denotes the area on a contract where the seal is to be affixed.  ( 19 min )

While many COVID relief measures have expired, some remain in place.  ( 41 min )

Hex describes itself as a high-interest blockchain certificate of deposit. Users are rewarded by not trading or selling their HEX for set amounts of time.  ( 22 min )

What percentage of the total amount of money in the world is in Bitcoin? There's lots of zeros, but it's not nearly as much as you might believe or have heard.  ( 21 min )

A settlement bank is the last bank to receive and report the settlement of a transaction between two entities.  ( 20 min )

The Government Securities Clearing Corporation was a non-profit organization that clears and nets U.S. government securities and agency debt securities.  ( 19 min )